With low exchange fees. Cross Leverage Okx … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When getting involved in staking or saving functions, it likewise offers remarkably high yields in some cases.
was founded in 2017 and keeps 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.
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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 concerns.
If you remain in an area that works with OKX, you can create an account that provides you access to trade 343 area currencies.
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Supports margin loaning, 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX evaluation. 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 large holding in the OKB currency might certify for discounts.
One big disadvantage of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, surprise expense details are a warning that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information prior to proceeding. You likely will not recuperate any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t normally confront with conventional banking platforms. However, the best practices for keeping your monetary accounts secure are similar. These consist of using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many customer possessions. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover 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 offering our position which we want to take revenue at this level what we want to do is discover the distinction between these worths and that’s going to give us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Cross Leverage Okx
difference in between the entry and the stop okay which’s going to provide us the amount of tokens that we require to buy in order to risk just 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have that set dollar amount all right so that implies that in order to find the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and increase it by the entry price 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 offer us 587 dollars then we require to be able to enter this position when we’re using take advantage of the only thing it’s changing is 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 means now I have 10 thousand dollars to use okay since 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 visit buy bit here let’s state we wish 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 view what takes place when we open our utilize alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this take advantage of capability is changing absolutely nothing about the danger profile on the trade fine if you plan on trading anyways utilize the referral Link in the description fine each week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re selecting 3 winners a week fine we’re trying to give the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is listed below you can take a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to start taking these trades I want to go over the rules that I would suggest using when growing a little account okay so the first rule is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk okay each time you double the account so when you go to 100 as much as 200 okay 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 amount and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is super crucial is everybody has a psychological threshold when it pertains to how much cash they’re comfortable risking 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 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 state you work your method approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can stroll that pull back to fifty dollars per trade choice that repaired amount as soon as you want to protect your capital and just pick an objective per day on
the money that you want to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that 3 to five thousand dollars per week so I’m using you understand 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 go up to a thousand shot to make 3 to 5 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 have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai okay but what I wish to do is find a location where I have a newly developed uptrend first thing that I wish to do is determine my wave count alright so if this is our start
first pullback is 2 largest waves up to 3 pullback is 4 and after that the high is five and the method we can try to find the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find 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 go up to the high of one if our price action boils down through