With low exchange costs. Can You Stake Dot On Okx … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. When participating in staking or saving features, it also provides remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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The website 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’re in an area that deals with OKX, you can create an account that gives you access to trade 343 spot currencies.
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also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 primary 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.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discount rates.
One huge downside of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, covert cost details are a red flag that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal information before proceeding. You likely won’t recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not generally face with traditional banking platforms. However, the very best practices for keeping your monetary accounts safe and secure are similar. These consist of utilizing strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of client properties. It also has deals additional features like the ability 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 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 offering our position which we wish to take earnings at this level what we wish to do is discover the distinction in between these worths which’s going to provide us.057 then we’re going to take the dollar amount danger 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 You Stake Dot On Okx
difference between the stop and the entry all right which’s going to give us the quantity of tokens that we require to purchase in order to risk just ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity fine so that implies that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter into this position when we’re utilizing leverage the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have 10 thousand dollars to utilize okay because if we only had a hundred dollar account alright this 587 is already 5x the size of our money worth of our account which makes it impossible alright 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 occurs when we open up our utilize fine and you’re gon na get this warning that the liquidation is high okay 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 best thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this leverage capability is altering absolutely nothing about the danger profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars per week we’re selecting 3 winners a week all right we’re attempting to give the fees that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can take a look at our Discord where we reveal the winners okay before we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would recommend utilizing when growing a small account fine so the very first guideline is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 up to 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there till we scale our account up a bit larger the third thing and this is super important is everybody has a mental limit when it comes 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 start feeling a little bit emotional about the trades and that’s something that you really wish to prevent until you come comfy doing that alright so state you work your way up to 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can stroll that pull back to fifty dollars per trade choice that repaired quantity once you want to maintain your capital and just pick an objective each day on
the cash that you wish to make once you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make three that three to 5 thousand dollars per 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 shot 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 have actually been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai all right but what I want to do is find an area where I have actually a newly developed uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
first pullback is two biggest waves up to 3 pullback is four and then the high is 5 and the method we can search for the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that discover my element 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 price action boils down through