With low exchange charges. Okx C’est Quoi … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It also offers exceptionally high yields in some cases when participating in staking or conserving features.
was founded in 2017 and keeps a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
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The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can create an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
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also supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could 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 inadequate space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
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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 large holding in the OKB currency may certify for discount rates.
One huge downside of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, covert expense details are a red flag that might send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal information before proceeding. If you mistakenly send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t typically confront with conventional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are similar. These consist of utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many customer assets. It likewise has deals extra features like the capability to establish 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 registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished 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 wish to take revenue at this level what we wish to do is find the distinction between these values and that’s going to give us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx C’est Quoi
difference in between the stop and the entry all right and that’s going to offer us the amount of tokens that we require to buy in order to run the risk of just 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar quantity all right so that indicates that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the quantity of coins and increase it by the entry price which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to get into this position when we’re utilizing take advantage of the only thing it’s changing 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 leverage that indicates now I have ten thousand dollars to utilize all right because if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it impossible fine so let’s go over to buy bit here let’s state we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open up our utilize alright and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing alright so now only thing that we require to utilize 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 danger profile on the trade alright if you intend on trading anyways use the recommendation Link in the description okay every week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars each week we’re picking 3 winners a week fine we’re trying to offer the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is listed below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would recommend utilizing when growing a small account fine so the very first rule is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat fine each time you double the account so when you go to 100 approximately 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there up until we scale our account up a bit bigger the third thing and this is extremely important is everybody has a mental limit when it pertains to just how much money they’re comfortable risking 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 mathematics says you’re going to start feeling a bit psychological about the trades which’s something that you truly want to avoid until you come comfortable doing that okay so say you work your way approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that back down to fifty dollars per trade pick that repaired amount as soon as you wish to preserve your capital and just choose a goal per day on
the money that you wish to make when you get up to a comfy limit where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars each week so I’m using you know 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 three to five thousand per trade and attempt to double my income alright so let’s get into the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai all right but what I wish to do is find an area where I have a freshly developed uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is 2 largest waves as much as three pullback is four and then the high is 5 and the way 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 after that discover my aspect of one and you can see the rate 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 comes down through