With low exchange costs. Where Can I Buy A Okx Gift Card … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It likewise provides extremely high yields in some cases when participating in staking or conserving features.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can create an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 insufficient room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different prices tiers that differ based upon trade volume and account holdings. 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 discounts. Alternatives, swaps, and futures have their own rate schedules with varying costs.
One big drawback of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal details before continuing. You likely will not recuperate any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally face with traditional banking platforms. The finest practices for keeping your financial accounts protected are similar. 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 uses industry-standard security practices, including freezer for the majority of customer assets. It likewise has offers additional functions like the capability 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. You will find a familiar experience at OKX if you have actually 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 wish to take revenue at this level what we want to do is discover the distinction in between these values and that’s going to offer 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 Where Can I Buy A Okx Gift Card
distinction in between the stop and the entry all right and that’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of just 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity fine so that indicates that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the amount of coins and increase it by the entry cost which is this level here okay 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 need to be able to enter this position when we’re utilizing utilize the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have ten thousand dollars to use all right since if we only had a hundred dollar account all right this 587 is already 5x the size of our cash value of our account which makes it difficult fine so let’s go over to purchase bit here let’s state we want to take this ape trade here alright we require 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 take advantage of fine and you’re gon na get this warning that the liquidation is high fine as long as you’re measuring 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 all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is altering absolutely nothing about the risk profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description alright weekly we do a free gift where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re picking three winners a week okay we’re attempting to offer the charges that we’re collecting from the affiliate program back into the community for you guys trading with us link is listed below you can check out our Discord where we announce the winners okay prior to we hop into the trading system that you can use to begin taking these trades I want to review the guidelines that I would recommend using when growing a small account alright so the first rule is start with the dollar quantity danger per trade 10 of starting 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 all right you want to move that as much as 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 larger the third thing and this is extremely crucial is everyone has a psychological limit when it comes to 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 bit emotional about the trades and that’s something that you really wish to avoid until you come comfortable doing that all right so say you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that repaired amount once you want to preserve your capital and simply pick a goal daily on
the cash that you want to make once you get up to a comfortable limit where it’s fitting your income objectives so for me personally you understand I like to make three that 3 to five thousand dollars weekly so I’m utilizing 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 move up to a thousand try to make three to 5 thousand per trade and attempt to double my income alright so let’s enter 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 among the setups that I had on xrp when I was actually in Dubai okay however what I want to do is find an area where I have actually a recently established uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is 4 and after that 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 value I’m gon na click on this link click back here and after that discover my factor 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 increase to the high of one if our rate action comes down through