With low exchange charges. How Can I Transfer Crypto From Binance To Okx … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When participating in staking or conserving features, it likewise provides exceptionally high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
If you’re in a location that deals with OKX, you can produce 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 products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different prices tiers that differ 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 discount rates. Swaps, futures, and options have their own rate schedules with differing costs.
One huge drawback of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction information before continuing. If you mistakenly send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t typically face with traditional banking platforms. The best practices for keeping your financial accounts secure are comparable. These consist of using strong passwords special 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 freezer for most 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 easy for anybody outside of 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 selling our position which we want to take revenue at this level what we wish to do is discover the distinction between these values and that’s going to provide us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the How Can I Transfer Crypto From Binance To Okx
difference in between the entry and the stop alright which’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of just 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our risk benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount alright so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the amount 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 multiplied by 3.35 and that’s going to provide us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s altering is how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to utilize fine because if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account that makes it difficult alright so let’s visit purchase bit here let’s state 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 enjoy what occurs when we open our leverage all right and you’re gon na get this caution that the liquidation is high alright 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 all right so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this take advantage of capability is altering absolutely nothing about the danger profile on the trade alright if you plan on trading anyways use the referral Link in the description fine every week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars weekly we’re selecting 3 winners a week alright we’re trying to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is below you can take a look at our Discord where we announce the winners alright 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 advise utilizing when growing a little account alright so the first guideline is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger fine each time you double the account so when you go to 100 approximately 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there till we scale our account up a little bit larger the third thing and this is super essential is everybody has a psychological threshold when it pertains to how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to begin feeling a little bit emotional about the trades and that’s something that you truly wish to avoid up until you come comfy doing that fine so say you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that back down to fifty dollars per trade pick that repaired quantity when you want to preserve your capital and just select an objective per day on
the money that you wish to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 to 5 thousand dollars weekly so I’m utilizing 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 know a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings fine so let’s get into 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 definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai fine but what I want to do is find a location where I have a newly established uptrend first thing that I want to do is determine my wave count alright so if this is our start
very first pullback is 2 largest waves up to 3 pullback is 4 and then the high is five and the method we can search for the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then find 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 boils down through