With low exchange costs. How To Transfer Bitcoin From Okx Without Fees … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. When getting involved in staking or saving features, it likewise uses exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices 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 nations. They do not take users from the United States due to regulative and compliance issues.
If you remain in a location that deals with OKX, you can produce an account that offers you access to trade 343 spot currencies.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining 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 review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different prices tiers that vary based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may get approved for discounts. Futures, choices, and swaps have their own rate schedules with varying charges.
One huge disadvantage of is that it doesn’t disclose charges for withdrawals and deposits. While much of is transparent, concealed 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 always double-check deal details prior to continuing. If you inadvertently send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t generally face with traditional banking platforms. The best 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 uses industry-standard security practices, including freezer for the majority of consumer possessions. It likewise has offers extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond 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.
wanted 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 profit at this level what we want to do is find the distinction in between these worths which’s going to provide 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 How To Transfer Bitcoin From Okx Without Fees
distinction in between the stop and the entry alright which’s going to provide us the amount of tokens that we need to buy in order to run the risk of just 10 dollars alright 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 absolutely screw yourself so ensure that you’re not doing that you need to have actually 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 have to take the amount of coins and multiply it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s altering is how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have ten thousand dollars to utilize all right since if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account that makes it difficult fine so let’s visit buy bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open our leverage okay 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 ten dollars you are safe and you’re doing the best thing all right so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this utilize capability is changing nothing about the threat profile on the trade alright if you plan on trading anyways utilize the referral Link in the description fine weekly we do a free gift where anyone trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars each week we’re selecting three winners a week fine we’re trying to provide the costs that we’re gathering from the affiliate program back into the community for you people 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 discuss the guidelines that I would recommend using when growing a little account fine so the first guideline is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that ten dollar risk all right each time you double the account so when you go to 100 up to 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is extremely crucial is everybody has a mental limit when it concerns just 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 says you’re going to start feeling a bit psychological about the trades and that’s something that you truly wish to avoid until you come comfortable doing that fine so state you work your method as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can walk that back down to fifty dollars per trade choice that repaired quantity once you want to preserve your capital and simply pick a goal per day on
the money that you wish to make when 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 three to 5 thousand dollars each 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 3 to five thousand per trade and try to double my earnings fine so let’s enter the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely 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 okay but what I wish 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
first pullback is two largest waves as much as 3 pullback is 4 and then the high is 5 and the way 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 here 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 price action comes down through