With low exchange charges. Can You Use Debit Card On Okx … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It also uses remarkably high yields in some cases when participating in staking or saving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces all over the world. 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 do not take users from the United States due to regulatory and compliance concerns.
You can produce an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different prices 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 receive discounts. Alternatives, futures, and swaps have their own rate schedules with varying charges.
One huge disadvantage of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, covert expense information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details before continuing. If you unintentionally send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t usually face with standard banking platforms. The best practices for keeping your financial accounts safe are comparable. These consist of using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for most customer assets. It also has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy 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.
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 offering our position which we want to take revenue at this level what we wish to do is find the difference in between these values which’s going to give us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Can You Use Debit Card On Okx
distinction in between the stop and the entry okay and that’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to call in our danger reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar amount alright so that indicates that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the quantity of coins and increase it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to enter this position when we’re using take advantage of the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have ten thousand dollars to use all right since if we just had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account that makes it difficult all right so let’s visit buy bit here let’s state we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open up our take advantage of alright and you’re gon na get this caution that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 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 whole account fine so this leverage ability is changing nothing about the threat profile on the trade all right if you plan on trading anyways utilize the referral Link in the description all right every week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars each week we’re selecting 3 winners a week all right we’re trying to give the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is listed below you can check out our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to begin taking these trades I want to go over the guidelines that I would suggest using when growing a little account all right so the very first rule is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that ten dollar danger fine each time you double the account so when you go to 100 approximately 200 fine you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is extremely important is everybody has a mental threshold when it concerns 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 start feeling a bit emotional about the trades which’s something that you actually want to prevent up until you come comfy doing that alright so say you work your method 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 all right you can stroll that back down to fifty dollars per trade choice that fixed amount when you wish to preserve your capital and simply pick an objective each day on
the cash that you wish to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand 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 understand a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my income all right so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai all right however what I want to do is discover an area where I have a recently developed uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
very first pullback is two biggest waves approximately 3 pullback is 4 and after that the high is five and the way we can try to find the top of 5 is by utilizing 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 find my factor 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 increase to the high of one if our cost action boils down through