With low exchange charges. Okx Market Order Fees … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It likewise uses incredibly high yields sometimes when taking part in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 regulative and compliance issues.
You can produce 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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Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might 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 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 large holding in the OKB currency may certify for discounts.
One big disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, covert expense details are a warning that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information before continuing. If you inadvertently 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 usually face with traditional banking platforms. The best practices for keeping your monetary accounts safe are comparable. These include using strong passwords distinct to every website 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 many customer assets. It likewise has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover 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 offering our position and that we wish to take profit at this level what we want to do is discover the difference between these worths which’s going to offer us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Market Order Fees
difference between the entry and the stop okay and that’s going to offer us the amount of tokens that we require to buy in order to risk just ten dollars alright 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 danger benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar quantity all right 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 quantity of coins and increase 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 utilizing leverage the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have 10 thousand dollars to use okay since if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account that makes it difficult fine so let’s visit purchase bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open our leverage okay and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is altering nothing about the threat profile on the trade alright if you plan on trading anyways utilize the recommendation Link in the description all right every week we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars per week we’re choosing 3 winners a week all right we’re attempting to provide the costs that we’re gathering from the affiliate program back into the community for you people trading with us link is below you can check out our Discord where we announce the winners alright before we hop into the trading system that you can utilize to begin taking these trades I want to go over the guidelines that I would suggest using when growing a little account all right so the first guideline is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 as much as 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a bit bigger the 3rd thing and this is super essential is everyone has a mental threshold when it concerns just how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three 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 which’s something that you truly want to prevent up until you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand okay and then 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 when you wish to maintain your capital and simply select a goal daily on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to five thousand dollars weekly so I’m using you learn about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you understand a couple years from now go up to a thousand try to make three to 5 thousand per trade and try to double my earnings fine so let’s get into the bread and butter 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 show you among the setups that I had on xrp when I was really in Dubai alright however what I want to do is discover a location where I have a newly established uptrend first thing that I wish to do is identify my wave count okay so if this is our start
very first pullback is 2 biggest waves up to three pullback is four and after that the high is 5 and the way we can try to find the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that discover 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 rate action comes down through