With low exchange costs. 3Commas Okx Api … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. It also provides incredibly high yields in many cases when participating in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
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The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
If you’re in a location that works with OKX, you can create an account that offers you access to trade 343 area currencies.
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also supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, 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 inadequate space to list them all in our OKX review. There are 343 currencies on the exchange total.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
For area 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 disclose fees for withdrawals and deposits. While much of is transparent, hidden expense information are a red flag that might 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 transaction details before continuing. You likely won’t recover any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t normally face with conventional banking platforms. The finest practices for keeping your monetary accounts safe and secure are similar. These consist of using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for the majority of customer properties. It also has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 offering our position and that we want to take earnings at this level what we want to do is find the difference in between these worths and that’s going to give 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 3Commas Okx Api
difference between the stop and the entry alright which’s going to offer us the amount of tokens that we require to buy in order to run the risk of only ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our risk benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have actually that set dollar quantity all right so that suggests that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and increase it by the entry price which is this level here alright 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 into this position when we’re using utilize the only thing it’s altering is just how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have 10 thousand dollars to use okay because if we just had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account that makes it impossible all right so let’s go over to buy bit here let’s say we wish 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 view what occurs when we open up our utilize okay and you’re gon na get this warning that the liquidation is high all right 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 okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account all right so this leverage capability is altering absolutely nothing about the threat 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 automatically entered to win a hundred dollars weekly we’re choosing 3 winners a week alright we’re attempting to provide the fees that we’re gathering from the affiliate program back into the community for you people trading with us link is below you can have a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I want to review the rules that I would suggest utilizing when growing a little account fine so the very first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat okay each time you double the account so when you go to 100 as much as 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there till we scale our account up a little bit bigger the third thing and this is incredibly crucial is everybody has a mental threshold when it concerns how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math states you’re going to begin feeling a little bit emotional 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 way up to 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that pull back to fifty dollars per trade choice that fixed amount as soon as you wish to preserve your capital and simply choose a goal per day on
the money that you want to make when you get up to a comfy threshold 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 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 know a couple years from now move up to a thousand try to make three to 5 thousand per trade and try to double my income alright so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have 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 okay however what I want to do is find a location where I have actually a recently established 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 two largest waves up to 3 pullback is 4 and then the high is 5 and the method 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 here click back here and after that find 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 increase to the high of one if our price action boils down through