With low exchange fees. Is There A Fee To Send Bitcoin From Okx … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving features, it likewise provides remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
You can produce an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin borrowing, earning 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient 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 rates tiers that vary based upon trade volume and account holdings. For spot 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 discounts. Futures, options, and swaps have their own rate schedules with differing fees.
One huge drawback of is that it doesn’t disclose fees for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. You likely won’t recuperate any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t typically face with conventional banking platforms. However, the very best practices for keeping your monetary accounts secure are similar. These include utilizing strong passwords distinct 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 many customer assets. It likewise has offers extra features like the capability 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. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted to buy 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 revenue at this level what we wish to do is find the difference in between these values and that’s going to give 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 ten dollars and we’re going to divide it by the Is There A Fee To Send Bitcoin From Okx
distinction between the entry and the stop all right and that’s going to offer us the amount of tokens that we need to purchase in order to run the risk of only ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our risk reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar quantity okay so that means that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 which’s going to offer us 587 dollars then we need to be able to get into this position when we’re using take advantage of the only thing it’s changing is just how much money we personally need 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 utilize all right because if we only had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account which makes it difficult okay so let’s go over to purchase bit here let’s state we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open up our utilize alright 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 running the risk of that 10 dollars you are safe and you’re doing the best thing alright so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is altering absolutely nothing about the threat profile on the trade all right if you plan on trading anyways use the recommendation Link in the description okay each week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars weekly we’re choosing 3 winners a week okay we’re attempting to offer the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can check out our Discord where we announce the winners fine before we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would recommend using when growing a little account okay so the very first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 up to 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there until we scale our account up a little bit larger the 3rd thing and this is very essential is everyone has a psychological limit when it concerns just how much cash they’re comfortable running the risk of 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 states you’re going to begin feeling a bit psychological about the trades which’s something that you actually wish to prevent till you come comfy doing that alright so state you work your method approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that back down to fifty dollars per trade pick that repaired amount when you wish to protect your capital and just pick a goal per day on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that three to 5 thousand dollars per 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 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 earnings all right so let’s enter the bread and butter of the real trading this is a system that I have actually been trading the markets 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 actually in Dubai all right but what I want to do is discover an area where I have actually a recently established uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
first pullback is two biggest waves approximately 3 pullback is 4 and then the high is 5 and the method we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here 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 go up to the high of one if our price action comes down through