With low exchange costs. Okx Milf … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When taking part in staking or saving features, it also provides incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest 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.
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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also 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 utilize 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 not enough room to list 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
breaks currencies down into various pricing tiers that vary based on trade volume and account holdings. 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 get approved for discount rates. Futures, swaps, and options have their own rate schedules with differing fees.
One big drawback of is that it doesn’t reveal fees for withdrawals and deposits. While much of is transparent, covert expense details are a warning that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal information before continuing. If you mistakenly send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you don’t normally confront with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are similar. These include using 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 the majority of client possessions. It also has deals extra 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. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted 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 offering our position and that we wish to take revenue at this level what we want to do is discover the difference between these values which’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 10 dollars and we’re going to divide it by the Okx Milf
distinction in between the stop and the entry alright which’s going to provide us the amount of tokens that we require to buy in order to risk only ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our threat benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have that set dollar quantity all right so that implies that in order to find the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here all right so in this case we’re going to take 175 coins increased 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 utilizing leverage the only thing it’s changing is how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have ten thousand dollars to utilize okay because if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account which makes it difficult okay so let’s go over to purchase bit here let’s say 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 happens when we open our utilize all right and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying 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 all right so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this utilize ability is changing nothing about the threat profile on the trade fine if you intend on trading anyways utilize the recommendation Link in the description all right 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 per week we’re picking 3 winners a week okay we’re attempting to provide the costs 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 reveal the winners alright before we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would suggest using when growing a small account all right so the first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 up to 200 fine you wish 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 utilize that there up until we scale our account up a little bit bigger the 3rd thing and this is very crucial is everybody has a mental threshold when it pertains to how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit emotional about the trades which’s something that you actually wish to avoid till you come comfy doing that alright so state you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that pull back to fifty dollars per trade pick that fixed amount as soon as you wish to preserve your capital and simply choose an objective per day on
the money that you wish to make when you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five thousand dollars weekly so I’m using you know 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 understand a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings okay so let’s get into 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 absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai alright but what I wish to do is find an area where I have a newly developed uptrend first thing that I wish to do is recognize my wave count alright so if this is our start
very first pullback is two largest waves approximately 3 pullback is four and after that the high is five and the way 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 worth 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 cost action comes down through