With low exchange charges. Kasta Token Okx … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It likewise offers remarkably high yields in some cases when participating in staking or saving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
If you remain in an area that deals with OKX, you can create an account that offers you access to trade 343 area currencies.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discount rates.
One huge downside of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, covert cost details are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal details before proceeding. You likely won’t recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t typically face with conventional banking platforms. The finest practices for keeping your monetary accounts protected are similar. These include using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for many consumer properties. It also has deals additional features like the capability to establish 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 discover 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 meaning that if we’re wrong and it continues moving down we’re selling our position and that we wish to take revenue at this level what we wish to do is discover the distinction between these worths and that’s going to provide us.057 then we’re going to take the dollar amount risk we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Kasta Token Okx
difference between the entry and the stop alright which’s going to provide us the amount of tokens that we require to buy in order to risk only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our threat reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar quantity all right so that implies that in order to discover 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 increased by 3.35 which’s going to give us 587 dollars then we require to be able to get into this position when we’re using utilize 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 indicates now I have ten thousand dollars to utilize all right due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account which makes it difficult fine so let’s visit buy bit here let’s state we wish to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open our leverage okay and you’re gon na get this warning 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 ten dollars you are safe and you’re doing the best thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account alright so this utilize ability is changing absolutely nothing about the risk profile on the trade all right if you plan on trading anyways utilize the referral Link in the description alright each week we do a free gift where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars weekly we’re choosing three winners a week fine we’re attempting to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is listed below you can check out our Discord where we announce the winners alright prior to we hop into the trading system that you can utilize to start taking these trades I want to discuss the rules that I would recommend using when growing a small account alright so the very first rule is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk okay 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 quantity and utilize that there until we scale our account up a bit bigger the third thing and this is very important is everybody has a mental 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 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit psychological about the trades which’s something that you actually want to prevent till you come comfy doing that alright so state you work your method as much as 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that pull back to fifty dollars per trade choice that repaired quantity as soon as you want to maintain your capital and simply select a goal each day on
the money that you want to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that 3 to 5 thousand dollars each week so I’m utilizing you learn about 2.5 percent of my entire 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 attempt to double my income alright so let’s enter into 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 in fact in Dubai alright however what I want to do is discover a location where I have actually a newly established uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
first pullback is 2 biggest waves up to 3 pullback is 4 and after that the high is five and the way we can search for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that find 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 go up to the high of one if our rate action comes down through