With low exchange costs. Bitmex & Okx Veloz Vip … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It also offers incredibly high yields in some cases when participating in staking or conserving features.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
If you’re in a location that works with OKX, you can create an account that provides you access to trade 343 spot currencies.
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Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 space to list them all in our OKX review. 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 differ 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 may qualify for discounts. Swaps, futures, and alternatives have their own rate schedules with differing fees.
One huge downside of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal information before continuing. If you unintentionally send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you do not typically face with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are similar. These include using strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most consumer assets. It likewise has offers extra features 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 have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover 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 selling our position and that we wish to take profit at this level what we want to do is discover the difference in between these worths and that’s going to give us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Bitmex & Okx Veloz Vip
distinction between the entry and the stop okay and that’s going to give us the quantity of tokens that we need to buy in order to risk only 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar amount alright so that suggests that in order to find the capital requirement or the amount of money that we require for this trade we need to take the amount of coins and increase it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have 10 thousand dollars to use okay because if we just had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account which makes it impossible fine so let’s go over to buy bit here let’s say we want 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 occurs when we open up our take advantage of alright 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 risking that 10 dollars you are safe and you’re doing the best thing fine so now just thing that we need 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 alright if you plan 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 picking three winners a week okay we’re trying to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to discuss the guidelines that I would recommend utilizing when growing a small account alright so the very first guideline is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 approximately 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there until we scale our account up a little bit larger the 3rd thing and this is extremely crucial is everyone has a psychological threshold when it concerns how much money they’re comfortable risking 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 mathematics says you’re going to begin feeling a little bit emotional about the trades and that’s something that you actually wish to prevent till you come comfy doing that alright so say you work your way as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that back down to fifty dollars per trade choice that fixed quantity as soon as you wish to maintain your capital and simply select a goal daily on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars weekly so I’m using you learn 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 know a couple years from now go up to a thousand shot to make three to five thousand per trade and attempt to double my income alright so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai all right however what I want to do is find an area where I have a freshly established uptrend first thing that I want to do is recognize my wave count fine so if this is our start
very first pullback is 2 biggest waves as much as 3 pullback is 4 and after that the high is five and the way we can look 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 after that discover my element 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 cost action boils down through