With low exchange costs. Can I Get My Money Back From Okx … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When participating in staking or saving functions, it likewise provides exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can create an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
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also supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate 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 may certify for discount rates.
One huge disadvantage of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, concealed cost details are a red flag that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information before proceeding. You likely will not recuperate any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you don’t normally confront with conventional banking platforms. However, the very best practices for keeping your financial accounts safe and secure are similar. These include utilizing strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for the majority of client assets. It also has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to purchase 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 selling our position which we wish to take profit at this level what we want to do is find the difference in between these values which’s going to give us.057 then we’re going to take the dollar quantity threat 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 Can I Get My Money Back From Okx
difference in between the entry and the stop all right which’s going to give us the amount of tokens that we need to buy in order to run the risk of only 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have that set dollar quantity all right so that implies that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and increase it by the entry cost 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 give us 587 dollars then we need to be able to enter this position when we’re utilizing take advantage of the only thing it’s changing is just how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have ten thousand dollars to use fine because if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it difficult fine so let’s visit purchase 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 enjoy what takes place when we open up our take advantage of fine and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this take advantage of capability is changing nothing about the risk profile on the trade alright if you intend on trading anyways use the referral Link in the description okay every 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 all right we’re trying to offer 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 check out our Discord where we reveal the winners fine prior to 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 advise utilizing when growing a little account all right so the first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 as much as 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there until we scale our account up a bit larger the third thing and this is very important is everyone has a psychological threshold when it concerns just how much money they’re comfortable running the risk of if I’m looking 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 math states you’re going to start feeling a little bit emotional about the trades and that’s something that you really want to prevent until you come comfy doing that alright so state you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can stroll that back down to fifty dollars per trade choice that repaired amount when you wish to preserve your capital and just choose a goal per day on
the cash that you wish to make once you get up to a comfy limit where it’s fitting your earnings goals so for me personally you understand I like to make 3 that 3 to five thousand dollars per week so I’m utilizing you understand 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 know a couple years from now move up to a thousand try to make three to 5 thousand per trade and try to double my income fine so let’s enter the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have 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 all right however what I want to do is discover an area where I have a recently established uptrend first thing that I wish to do is determine my wave count fine so if this is our beginning
first pullback is two largest waves up to three pullback is 4 and then the high is five and the method we can search for the top of 5 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 discover my aspect of one and you can see the price 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