With low exchange costs. Kontener Okx … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It likewise provides remarkably high yields in many cases when participating in staking or saving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in a location that works with OKX, you can develop an account that offers you access to trade 343 spot currencies.
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also supports margin loaning, earning cryptocurrency through staking and cost 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
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 disadvantage of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you unintentionally send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you do not normally confront with conventional banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are comparable. These consist of utilizing strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for the majority of client properties. It also has deals additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
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 and that we want to take revenue at this level what we want to do is find the distinction between these values which’s going to give us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Kontener Okx
difference in between the stop and the entry okay which’s going to offer us the quantity of tokens that we need to buy in order to run the risk of only ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar amount okay so that means that in order to discover the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and multiply it by the entry cost which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide 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 cash we personally require 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 use alright due to the fact that if we only had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account that makes it difficult alright so let’s visit purchase bit here let’s say we wish to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open up our utilize all right and you’re gon na get this caution that the liquidation is high fine 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 just thing that we require to use for this position is twelve dollars which is 12 of our whole 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 utilize the recommendation Link in the description okay every week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars weekly we’re picking three winners a week alright we’re attempting to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can have a look at our Discord where we announce the winners all right before we hop into the trading system that you can utilize to start taking these trades I want to go over the rules that I would suggest utilizing when growing a little account fine so the first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there up until we scale our account up a little bit bigger the 3rd thing and this is incredibly important is everyone has a psychological threshold when it concerns just how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math states you’re going to begin feeling a bit emotional about the trades which’s something that you truly want to avoid up until you come comfortable doing that alright so state you work your method as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade choice that fixed quantity as soon as you want to maintain your capital and just select an objective per day on
the money that you wish to make when you get up to a comfy threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to five thousand dollars per week so I’m using you learn about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my income fine so let’s enter the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai alright however what I want to do is find a location where I have actually a recently established uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
very first pullback is 2 largest waves approximately 3 pullback is four and after that 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 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 go up to the high of one if our cost action boils down through