With low exchange fees. Can I Send Crypto From Crypto.Com To Okx … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It likewise uses exceptionally high yields in some cases when participating in staking or saving features.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can produce an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin loaning, 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 qualify for discount rates.
One big disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, concealed expense details are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction information before proceeding. If you mistakenly send out funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security concerns you do not normally confront with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts protected are similar. These consist of using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of client properties. It likewise has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 earnings at this level what we want to do is discover the difference in between these values and that’s going to offer us.057 then we’re going to take the dollar amount threat we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Can I Send Crypto From Crypto.Com To Okx
difference between the entry and the stop alright and that’s going to provide us the quantity of tokens that we need to buy in order to run the risk of only ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar quantity fine so that implies that in order to discover the capital requirement or the quantity of money that we need for this trade we have to take the amount of coins and multiply it by the entry price which is this level here okay 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 require to be able to enter into this position when we’re using leverage the only thing it’s altering is just how much cash we personally need to put 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 all right since if we just had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account which makes it impossible all right so let’s visit purchase bit here let’s state we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what occurs when we open up our utilize fine 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 risking that ten dollars you are safe and you’re doing the right thing alright so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this utilize capability is altering nothing about the threat profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description all right every week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars per week we’re selecting 3 winners a week fine we’re trying to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can have a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to start taking these trades I wish to go over the rules that I would recommend utilizing when growing a small account alright so the first guideline is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat all right each time you double the account so when you go to 100 as much as 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there till we scale our account up a little bit bigger the 3rd thing and this is incredibly essential is everybody has a mental threshold when it comes to just how much cash they’re comfortable risking if I’m looking 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 says you’re going to begin feeling a bit emotional about the trades and that’s something that you truly want to prevent until you come comfy doing that all right so state you work your way approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can stroll that back down to fifty dollars per trade pick that repaired quantity once you want to preserve your capital and simply choose a goal per day on
the cash that you want to make once you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to five thousand dollars per week so I’m utilizing 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 know a couple years from now go up to a thousand try to make three to five thousand per trade and try to double my income fine so let’s get into the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai all right but what I want to do is find an area where I have a newly developed uptrend first thing that I want to do is recognize my wave count okay so if this is our start
first pullback is 2 largest waves approximately 3 pullback is 4 and then the high is five and the way we can look 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 after that find 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 rate action comes down through