With low exchange charges. Okx Qty … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. When getting involved in staking or conserving functions, it likewise provides exceptionally high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices 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 regulatory and compliance issues.
You can create an account that provides you access to trade 343 spot currencies if you’re in an area 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. 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 list 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
breaks currencies down into different rates tiers that differ based on trade volume and account holdings. 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 qualify for discounts. Futures, swaps, and alternatives have their own rate schedules with differing charges.
One big downside of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, hidden cost details are a warning that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you inadvertently send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you do not normally confront with conventional banking platforms. The best practices for keeping your financial accounts protected are comparable. These include using strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for a lot of customer assets. It likewise has offers additional functions 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’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 offering our position and that we wish to take revenue at this level what we want to do is discover the distinction between these worths which’s going to offer us.057 then we’re going to take the dollar quantity threat we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Qty
distinction between the entry and the stop fine and that’s going to offer us the quantity of tokens that we require to buy in order to run the risk of only ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to dial in our risk reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount okay so that implies that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and increase it by the entry cost which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we require to be able to enter into this position when we’re using take advantage of the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have 10 thousand dollars to use fine since if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it impossible all right so let’s go over to purchase bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open our leverage alright 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 alright so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this leverage capability is changing nothing about the danger profile on the trade fine if you intend on trading anyways use the referral Link in the description fine weekly we do a free gift where anyone trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars per week we’re picking three winners a week all right we’re trying to provide the costs that we’re collecting from the affiliate program back into the community for you people trading with us connect is listed below you can check out our Discord where we reveal the winners fine before we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would suggest utilizing when growing a small account all right so the first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk fine each time you double the account so when you go to 100 up to 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there up until we scale our account up a bit bigger the third thing and this is very essential is everyone has a mental threshold when it pertains to how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit psychological about the trades which’s something that you really want to prevent up until you come comfy doing that alright so state you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can walk that pull back to fifty dollars per trade choice that fixed amount once you wish to preserve your capital and simply choose an objective per day on
the money that you wish to make when you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to five thousand dollars each week so I’m utilizing you understand 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 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 enter into the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai all right however what I wish to do is find an area where I have a newly developed uptrend first thing that I wish to do is determine my wave count okay so if this is our beginning
first pullback is two largest waves approximately 3 pullback is four and after that the high is 5 and the method we can try to find 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 after that find my element of one and you can see the price 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