With low exchange fees. Cardano Okx … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. It also offers extremely high yields in many cases when taking part in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
If you remain in an area that deals with OKX, you can create an account that gives you access to trade 343 area currencies.
likewise supports margin borrowing, making cryptocurrency through staking and cost 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might certify for discount rates.
One big downside of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, concealed cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details prior to continuing. If you unintentionally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t usually confront with conventional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for the majority of customer 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 anyone beyond the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 offering our position which we want to take earnings at this level what we want to do is discover the difference between these worths and that’s going to give us.057 then we’re going to take the dollar amount danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Cardano Okx
difference between the entry and the stop fine which’s going to provide us the amount of tokens that we need to buy in order to risk only 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have that set dollar amount all right so that implies that in order to find the capital requirement or the quantity of money that we need for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here okay 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 enter this position when we’re using take advantage of the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have 10 thousand dollars to use okay due to the fact that if we just had a hundred dollar account alright this 587 is already 5x the size of our money worth of our account that makes it difficult okay so let’s go over to buy bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place 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 10 dollars you are safe and you’re doing the right thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is altering absolutely nothing about the risk profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description all right every week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars weekly we’re choosing three winners a week alright we’re trying to offer the fees that we’re gathering from the affiliate program back into the community for you men trading with us link is listed below you can take a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the guidelines that I would suggest utilizing when growing a small account okay so the first guideline is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar risk okay each time you double the account so when you go to 100 up to 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there up until we scale our account up a bit bigger the third thing and this is extremely crucial is everyone has a psychological threshold when it pertains to how much money they’re comfortable running the risk of if I’m taking a look 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 which’s something that you truly want to prevent up until you come comfortable doing that fine so say you work your way approximately 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 okay you can stroll that back down to fifty dollars per trade choice that fixed amount once you want to protect your capital and just pick an objective per day on
the cash that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that 3 to five thousand dollars per week so I’m using you learn about 2.5 percent of my whole 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 move up to a thousand shot to make three to 5 thousand per trade and try to double my earnings all right so let’s enter into 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 absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai fine however what I want to do is discover an area where I have a newly developed uptrend first thing that I wish to do is identify my wave count all right so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is four and then the high is 5 and the method we can look 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 on this link click back here and after that discover 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 increase to the high of one if our price action comes down through