With low exchange fees. Okx Index Price … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It likewise uses remarkably high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and preserves a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
If you remain in an area that works with OKX, you can produce an account that offers you access to trade 343 area currencies.
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also supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 inadequate space to note them all in our OKX review. 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
breaks currencies down into various pricing tiers that vary based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might get approved for discount rates. Swaps, alternatives, and futures have their own rate schedules with differing fees.
One huge disadvantage of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, covert expense details are a warning that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. You likely will not recover any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally face with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are comparable. These include utilizing strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most customer possessions. It also has deals extra features like the capability to set up 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 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 which we wish to take revenue at this level what we wish to do is discover the distinction in between these values which’s going to provide us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Index Price
distinction in between the stop and the entry fine which’s going to offer us the amount of tokens that we require to buy in order to run the risk of only 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our risk reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount okay so that means that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the amount 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 and that’s going to give us 587 dollars then we require to be able to get into this position when we’re using take advantage of the only thing it’s altering is how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that means now I have ten thousand dollars to utilize alright since if we just had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account which makes it impossible alright so let’s go over to buy bit here let’s state we want 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 watch what happens when we open our leverage all right 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 risking that ten dollars you are safe and you’re doing the best thing fine so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this leverage ability is altering nothing about the risk profile on the trade okay if you intend on trading anyways use the recommendation Link in the description alright weekly we do a free gift where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re selecting 3 winners a week okay we’re attempting to provide the charges that we’re gathering from the affiliate program back into the community for you people trading with us link is listed below you can take a look at our Discord where we announce the winners okay 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 utilizing when growing a small account all right so the first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat alright each time you double the account so when you go to 100 approximately 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there up until we scale our account up a bit larger the 3rd thing and this is very crucial 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 math states you’re going to start feeling a bit psychological about the trades and that’s something that you really wish to prevent until you come comfy doing that alright so say you work your method as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that pull back to fifty dollars per trade pick that repaired quantity when you wish to protect your capital and just select a goal each day on
the money that you wish to make as soon as you get up to a comfortable limit where it’s fitting your income objectives so for me personally you understand I like to make three that 3 to five thousand dollars weekly so I’m utilizing you know 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 try to make 3 to 5 thousand per trade and attempt to double my earnings alright so let’s enter 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 definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai okay however what I want to do is discover an area where I have a newly developed uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
very first pullback is 2 largest waves approximately 3 pullback is 4 and after that the high is 5 and the way we can look for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and after that find my factor 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 increase to the high of one if our price action comes down through