With low exchange charges. Can I Use Same Login For Okx And Okx Pro … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It also provides incredibly high yields sometimes when participating in staking or saving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
If you remain in a location that works with OKX, you can create an account that offers you access to trade 343 spot currencies.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 insufficient room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might certify for discount rates.
One big downside of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, surprise cost details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal information before continuing. You likely will not recuperate any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not generally confront with standard banking platforms. The best practices for keeping your financial accounts secure are similar. These consist of using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for many customer properties. It also has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone 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 and that we wish to take revenue at this level what we want to do is find the distinction between these worths 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 Use Same Login For Okx And Okx Pro
difference between the stop and the entry okay which’s going to offer 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 going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount alright so that indicates that in order to find the capital requirement or the quantity of cash 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 fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter into this position when we’re utilizing take advantage of the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have ten thousand dollars to use all right due to the fact that if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account that makes it impossible all right so let’s visit buy bit here let’s state 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 takes place when we open our leverage alright 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 only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this take advantage of ability is changing absolutely nothing about the risk profile on the trade fine if you plan on trading anyways utilize the referral Link in the description okay each week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars weekly we’re selecting 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 guys trading with us link is 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 start taking these trades I wish to discuss the guidelines that I would recommend utilizing when growing a small account okay so the very first guideline is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 up to 200 fine you want 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 until we scale our account up a bit larger the third thing and this is incredibly important is everybody has a mental limit when it concerns how much cash they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose three 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 really wish to prevent up until you come comfortable doing that all right so say you work your way approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can walk that pull back to fifty dollars per trade choice that fixed amount once you wish to preserve your capital and just select a goal per day on
the money that you want to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to five thousand dollars weekly so I’m utilizing you know 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 go up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings fine so let’s enter 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 show you one of the setups that I had on xrp when I was really in Dubai okay but what I wish to do is find an area where I have actually a recently developed uptrend first thing that I want to do is recognize my wave count all right so if this is our start
very first pullback is 2 biggest waves approximately 3 pullback is 4 and then the high is five and the way 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 on this link click back here and then 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