With low exchange fees. Okx Change Leverage … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving features, it likewise offers remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces around the globe. 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 nations. They don’t take users from the United States due to regulatory and compliance issues.
If you remain in an area that deals with OKX, you can produce an account that gives you access to trade 343 spot currencies.
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Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note them all in our OKX review. 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 might certify for discounts.
One big drawback of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal information before proceeding. You likely will not recover any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t generally confront with standard banking platforms. However, the best practices for keeping your financial accounts safe and secure are similar. These include utilizing strong passwords special 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 freezer for most customer properties. It likewise has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will find 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 selling our position which we wish to take profit 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 amount risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Change Leverage
difference between the stop and the entry alright which’s going to provide us the amount of tokens that we need to purchase 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 make sure that you’re not doing that you require to have actually that set dollar amount fine so that means that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and increase it by the entry cost 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 provide us 587 dollars then we need 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 take into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have 10 thousand dollars to use fine because if we just had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account which makes it difficult all right so let’s visit purchase bit here let’s state we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our take advantage of fine and you’re gon na get this warning that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this take advantage of ability is altering nothing about the threat profile on the trade all right if you plan on trading anyways use the recommendation Link in the description okay every week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re picking three winners a week fine we’re attempting to give the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we announce the winners alright prior to we hop into the trading system that you can use to start taking these trades I wish to review the rules that I would advise utilizing when growing a small account all right so the very first rule is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk okay each time you double the account so when you go to 100 as much as 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up until we scale our account up a bit larger the 3rd thing and this is incredibly important is everybody has a mental limit when it pertains to 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 trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit psychological about the trades and that’s something that you truly wish to avoid up until you come comfortable doing that all right 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 and that’s too much for you okay you can walk that back down to fifty dollars per trade pick that repaired amount once you wish to preserve your capital and simply pick a goal each day on
the money that you want to make as soon as you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make three that three to five thousand dollars each week so I’m utilizing 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 okay so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces 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 really in Dubai alright however what I want to do is find a location where I have a newly developed uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is two biggest waves approximately three pullback is 4 and then the high is 5 and the method we can search for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value 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 boils down through