With low exchange fees. Can You Send Crypto From Okx To Crypto.Com … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. It also uses incredibly high yields in many cases when participating in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in a location that works with OKX, you can produce an account that provides you access to trade 343 spot currencies.
likewise supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining 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:
breaks currencies down into various pricing tiers that vary based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may get approved for discount rates. Futures, alternatives, and swaps have their own rate schedules with differing costs.
One huge drawback of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction details before continuing. If you mistakenly send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you don’t normally confront with conventional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These include using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most client assets. It also has offers extra functions like the capability 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. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted to purchase 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 want to take revenue at this level what we want to do is find the distinction between these worths which’s going to provide us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Can You Send Crypto From Okx To Crypto.Com
difference between the entry and the stop alright and that’s going to give us the quantity of tokens that we need to buy in order to risk just ten dollars okay if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our risk benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar amount all right so that means that in order to discover 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 rate which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we require to be able to get into this position when we’re utilizing utilize the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to use alright since if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account that makes it difficult alright so let’s go over to purchase bit here let’s say 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 takes place when we open our leverage okay 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 risking that ten dollars you are safe and you’re doing the right thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of capability is altering nothing about the danger profile on the trade all right if you intend on trading anyways use the recommendation Link in the description okay each week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re choosing 3 winners a week okay we’re trying to provide the costs that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed 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 utilize to start taking these trades I want to discuss the guidelines that I would advise using when growing a little account fine so the first rule is begin with the dollar amount threat 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 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there till we scale our account up a bit larger the 3rd thing and this is incredibly crucial is everybody has a psychological limit when it pertains to just how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math says you’re going to begin feeling a bit emotional about the trades which’s something that you truly want to prevent up until you come comfy doing that all right so say you work your way up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that back down to fifty dollars per trade choice that repaired quantity when you wish to protect your capital and just choose a goal each day on
the cash that you wish to make when you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that three to five thousand dollars weekly so I’m utilizing 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 understand a couple years from now go up to a thousand try to make 3 to five thousand per trade and attempt to double my earnings all right so let’s enter the bread and butter 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 in fact in Dubai okay but what I wish to do is find a location where I have a freshly 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 biggest waves up to three pullback is 4 and after that the high is 5 and the method we can search for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and then find 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 rate action comes down through