With low exchange fees. Can’t Sell My Crypto On Okx … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. When participating in staking or saving functions, it likewise offers extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance issues.
You can create an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates 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 large holding in the OKB currency might qualify for discount rates. Alternatives, swaps, and futures have their own rate schedules with varying charges.
One huge drawback of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, surprise expense details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction information before continuing. You likely will not recover any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not normally confront with conventional banking platforms. The finest practices for keeping your financial accounts protected are similar. These include utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many client assets. It also has deals extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will find 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 offering our position which we wish to take profit at this level what we wish to do is discover the difference between these worths which’s going to give 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 10 dollars and we’re going to divide it by the Can’t Sell My Crypto On Okx
difference between the stop and the entry okay which’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our risk reward and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount okay so that implies that in order to find the capital requirement or the quantity of money that we require for this trade we need 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 increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re utilizing utilize 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 use a 100x utilize that suggests now I have ten thousand dollars to use alright because if we just had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult okay so let’s visit 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 occurs when we open our utilize okay and you’re gon na get this caution that the liquidation is high okay 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 alright so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this utilize ability is altering nothing about the threat profile on the trade fine if you intend on trading anyways use the referral Link in the description all right weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars each week we’re picking 3 winners a week fine we’re attempting to offer the costs that we’re collecting from the affiliate program back into the community for you guys trading with us link is 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 utilize to start taking these trades I want to review the guidelines that I would recommend using when growing a small account all right so the very first rule is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk alright each time you double the account so when you go to 100 approximately 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there till we scale our account up a bit larger the third thing and this is incredibly essential is everyone has a mental threshold when it concerns how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math states you’re going to begin feeling a bit psychological about the trades and that’s something that you truly want to prevent until you come comfortable doing that all right so say you work your way as much as 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that back down to fifty dollars per trade pick that fixed amount once you wish to maintain your capital and just select an objective per day on
the money that you want to make once you get up to a comfy limit where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to five thousand dollars each week so I’m utilizing you understand 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 know a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and try to double my income all right so let’s get into the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have definitely 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 but what I want to do is discover an area where I have a newly developed uptrend first thing that I wish to do is recognize my wave count alright so if this is our beginning
very first pullback is 2 biggest waves up to three pullback is four and then the high is 5 and the way we can try to find the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then 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 increase to the high of one if our cost action comes down through