With low exchange fees. Okx Kya Hai … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. It also uses exceptionally high yields in many cases when taking part in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
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The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can develop an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
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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. could 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 list 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
breaks currencies down into different 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 receive discounts. Futures, alternatives, and swaps have their own rate schedules with differing fees.
One big disadvantage of is that it does not reveal fees for withdrawals and deposits. While much of is transparent, hidden cost details are a warning that might send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction details before continuing. If you inadvertently send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you don’t usually face with standard banking platforms. However, the very best practices for keeping your monetary accounts secure are comparable. These include using strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of consumer possessions. It also has offers additional 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. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 and that we want to take revenue at this level what we wish to do is find the difference between these values and that’s going to offer us.057 then we’re going to take the dollar amount risk we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Kya Hai
distinction between the entry and the stop fine 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 okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity fine so that means that in order to discover the capital requirement or the quantity of cash that we require 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 provide us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s changing is just how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have ten thousand dollars to utilize fine since if we only had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it impossible all right so let’s go over to purchase bit here let’s say 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 up our take advantage of fine and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing okay so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this utilize capability is changing nothing about the risk profile on the trade alright if you plan on trading anyways utilize the referral Link in the description fine each week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re choosing 3 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 connect is listed below you can check out our Discord where we reveal the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I wish to go over the rules that I would recommend using when growing a little account fine so the first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk all right each time you double the account so when you go to 100 as much as 200 all right you wish to move that as much as 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 3rd thing and this is super important is everybody has a mental limit when it concerns just how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit emotional about the trades which’s something that you really want to prevent until you come comfy doing that fine so say you work your way approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that pull back to fifty dollars per trade choice that repaired amount as soon as you want to preserve your capital and simply select a goal daily on
the cash that you wish to make once you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five thousand dollars each week so I’m using you understand 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 know a couple years from now move up to a thousand try to make three to 5 thousand per trade and attempt to double my income fine so let’s get 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 definitely been nailing trades with I’m gon na show 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 find a location where I have actually a freshly developed uptrend first thing that I want to do is recognize my wave count okay so if this is our beginning
very first pullback is 2 biggest waves as much as 3 pullback is 4 and then the high is 5 and the method we can look 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 discover 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 rate action boils down through