With low exchange charges. Okx Redeem Code … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It also provides remarkably high yields in many cases when taking part in staking or conserving functions.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
If you’re in an area that deals with OKX, you can develop an account that provides you access to trade 343 area currencies.
also supports margin borrowing, 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 use in addition to a third-party cryptocurrency wallet or your main 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 total.
Currencies traded on by volume:
For area 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 discount rates.
One big downside of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, concealed expense details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check deal details prior to continuing. If you unintentionally send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t usually face with traditional banking platforms. The best practices for keeping your financial accounts protected are comparable. These consist of using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for a lot of consumer assets. It also has offers extra features like the ability 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 signed up 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 significance that if we’re wrong and it continues moving down we’re offering our position which we want to take earnings at this level what we want to do is find the distinction between these worths which’s going to give 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 Redeem Code
difference between the stop and the entry alright and that’s going to give us the quantity of tokens that we require to buy in order to risk just 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our danger reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar quantity fine so that suggests that in order to discover the capital requirement or the quantity of money that we need 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 offer us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s altering is just how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have 10 thousand dollars to use alright because if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account that makes it impossible okay so let’s go over to purchase bit here let’s say 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 enjoy what happens when we open our leverage all right and you’re gon na get this caution that the liquidation is high okay 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 right thing fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account fine so this take advantage of ability is altering nothing about the danger profile on the trade alright if you intend on trading anyways use the referral Link in the description fine every week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re choosing three winners a week fine we’re trying to offer the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is below you can check out our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to begin taking these trades I want to go over the guidelines that I would advise utilizing when growing a small account okay so the first rule is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk fine each time you double the account so when you go to 100 up to 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there until we scale our account up a bit larger the third thing and this is extremely essential is everybody has a psychological limit when it concerns just how much money they’re comfortable running the risk of 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 math says you’re going to start feeling a little bit psychological about the trades which’s something that you truly want to avoid until you come comfy doing that all right so say 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 excessive for you alright you can stroll that pull back to fifty dollars per trade choice that repaired quantity when you want to protect your capital and simply select a goal per day on
the money that you wish to make once you get up to a comfortable limit 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 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 3 to 5 thousand per trade and try to double my earnings okay so let’s enter into the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually 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 alright however what I want to do is find an area where I have actually a freshly developed uptrend first thing that I want to do is recognize my wave count all right so if this is our beginning
very first pullback is 2 largest waves as much as three pullback is 4 and then the high is five 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 worth I’m gon na click here click back here and after that find my aspect 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 increase to the high of one if our rate action comes down through