With low exchange charges. Okx Credit Card … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When taking part in staking or conserving features, it likewise provides extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
1
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
You can create an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
1
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 list them all in our OKX evaluation. There are 343 currencies on the exchange total.
2
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 discount rates.
One big drawback of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, surprise expense information are a warning that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal information before proceeding. You likely will not recuperate any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t generally confront with traditional banking platforms. However, the very best practices for keeping your monetary accounts protected are comparable. These consist of utilizing strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of client properties. It also has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will find a familiar experience at OKX if you’ve 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 want to take revenue at this level what we wish to do is find the distinction in between these values which’s going to offer us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Credit Card
difference in between the stop and the entry okay and that’s going to provide us the amount of tokens that we need to buy in order to run the risk of just ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our risk reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar amount all right so that suggests 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 multiply 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 offer us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s changing is how much money we personally require to take 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 utilize fine since if we only had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account which makes it impossible okay so let’s visit 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 see what occurs when we open up our leverage fine and you’re gon na get this caution 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 ideal thing fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this utilize capability is changing absolutely nothing about the danger profile on the trade alright if you plan on trading anyways utilize the recommendation Link in the description all right 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 per week we’re choosing three winners a week alright we’re attempting to provide the fees that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can have 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 guidelines that I would suggest utilizing when growing a small account alright so the very first rule is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that ten dollar danger okay each time you double the account so when you go to 100 approximately 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 till we scale our account up a bit larger the third thing and this is super essential is everybody has a psychological threshold when it concerns how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math says you’re going to begin feeling a bit emotional about the trades which’s something that you truly want to avoid up until you come comfortable doing that okay so state you work your method up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that pull back to fifty dollars per trade pick that fixed amount when you wish to maintain your capital and just pick a goal daily on
the cash that you wish to make when 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 5 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 then I’ll increase it you know a couple years from now move up to a thousand try to make three to five thousand per trade and attempt to double my income fine so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai all right however what I wish to do is discover an area where I have actually a newly developed uptrend first thing that I wish to do is identify my wave count okay so if this is our beginning
first pullback is 2 largest waves as much as 3 pullback is 4 and after that the high is 5 and the method we can look for the top of five is by using 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 discover 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 cost action boils down through