With low exchange charges. Can You Stake Coins On Okx … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When taking part in staking or conserving features, it likewise provides incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory 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.
likewise supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining 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 review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that differ based on 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 receive discounts. Swaps, alternatives, and futures have their own rate schedules with varying charges.
One big drawback of is that it does not reveal costs for withdrawals and deposits. While much of is transparent, hidden cost information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you accidentally send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct 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 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 a lot of consumer assets. It likewise has deals 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 outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished to buy 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 discover the difference between these values which’s going to give us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Can You Stake Coins On Okx
distinction in between the entry and the stop alright and that’s going to provide us the quantity of tokens that we require to buy in order to risk only ten dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our risk benefit 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 okay so that means that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s changing is just how much cash we personally need 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 ten thousand dollars to utilize all right due to the fact that if we only had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account that makes it difficult all right so let’s visit buy bit here let’s say we want to take this ape trade here fine 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 up our leverage all right 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 running the risk of that ten dollars you are safe and you’re doing the right thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing absolutely nothing about the risk profile on the trade all right if you plan on trading anyways utilize the referral Link in the description okay each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re choosing 3 winners a week fine we’re attempting 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 announce the winners okay prior to we hop into the trading system that you can utilize to start taking these trades I wish to discuss the guidelines that I would suggest utilizing when growing a little account okay so the first rule is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger fine each time you double the account so when you go to 100 up to 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a little bit larger the third thing and this is super essential is everybody has a mental limit 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 3 sell a row I don’t care who you are or what the math says you’re going to start feeling a little bit psychological about the trades which’s something that you truly want to prevent until you come comfortable doing that okay so say you work your way as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can stroll that pull back to fifty dollars per trade pick that fixed amount as soon as you wish to protect your capital and simply select a goal daily on
the money that you wish to make once you get up to a comfy limit where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars each week so I’m using you know about 2.5 percent of my entire 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 move up to a thousand try to make three to five thousand per trade and try to double my earnings fine so let’s enter the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai fine however what I wish to do is discover an area where I have actually a freshly developed uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
first pullback is 2 largest waves approximately three pullback is 4 and after that the high is five and the way we can look for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover my aspect 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 increase to the high of one if our price action comes down through