With low exchange fees. Okx Yubikey … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When taking part in staking or saving functions, it also offers extremely high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
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Supports margin borrowing, 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 use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space 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
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discount rates.
One huge drawback of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check deal information before continuing. You likely won’t recuperate any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not typically face with traditional banking platforms. The best practices for keeping your monetary accounts safe and secure are comparable. These consist of using strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many client assets. It also has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of 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.
wished 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 difference in between these worths and that’s going to give us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Yubikey
distinction between the entry and the stop all right and that’s going to provide us the quantity of tokens that we require to buy in order to run the risk of just 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to call in our danger reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar quantity alright so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we require to be able to enter this position when we’re utilizing utilize 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 leverage that implies now I have 10 thousand dollars to use alright since if we only had a hundred dollar account okay this 587 is already 5x the size of our money value of our account that makes it difficult okay so let’s go over to purchase bit here let’s say we want to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open up our leverage alright and you’re gon na get this warning that the liquidation is high alright 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 ideal thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this utilize ability is altering absolutely nothing about the risk profile on the trade all right if you intend on trading anyways utilize the recommendation Link in the description fine each week we do a giveaway 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 three winners a week fine we’re trying to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can take a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would recommend using when growing a small account fine so the very first rule is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger fine each time you double the account so when you go to 100 up to 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there up until we scale our account up a bit larger the third thing and this is very essential is everyone has a mental limit when it comes to how much cash they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math states you’re going to start feeling a little bit psychological about the trades and that’s something that you actually want to avoid till you come comfy doing that alright so say you work your method as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that back down to fifty dollars per trade pick that fixed amount when you wish to protect your capital and simply select a goal per day on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make three that three to five thousand dollars weekly so I’m using you learn 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 understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my income all right 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 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 all right but what I want to do is find a location where I have a freshly developed uptrend first thing that I want to do is identify my wave count all right so if this is our start
very first pullback is 2 biggest waves approximately 3 pullback is 4 and then the high is 5 and the way we can try to find the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and after that discover my element 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 rate action comes down through