With low exchange fees. Praca Szczecin Okx … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It likewise uses extremely high yields sometimes when participating in staking or saving features.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces all over the world. 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 nations. They don’t take users from the United States due to regulative and compliance issues.
You can create an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
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Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 not enough room to note them all in our OKX review. 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
breaks currencies down into different pricing tiers that differ based on trade volume and account holdings. 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 qualify for discounts. Futures, alternatives, and swaps have their own rate schedules with differing costs.
One big drawback of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, hidden cost information are a warning that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. You likely won’t recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not normally confront with traditional banking platforms. The finest practices for keeping your financial accounts secure are similar. These include utilizing strong passwords unique to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many customer possessions. It likewise has deals extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of 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 offering our position and that we wish to take profit at this level what we wish to do is find the difference in between these values which’s going to provide us.057 then we’re going to take the dollar amount threat we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Praca Szczecin Okx
difference between the entry and the stop alright which’s going to offer us the quantity of tokens that we require to buy in order to risk only ten dollars alright 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 definitely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount okay so that implies that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here okay 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 using take advantage of 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 leverage that means now I have ten thousand dollars to use alright due to the fact that if we only had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account which makes it impossible all right so let’s go over to purchase bit here let’s state we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our take advantage of okay and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing alright so now only 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 nothing about the risk profile on the trade fine if you plan on trading anyways utilize the referral Link in the description all right every week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars each week we’re choosing 3 winners a week all right we’re trying to offer the fees 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 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 recommend using when growing a small account fine so the first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 approximately 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 until we scale our account up a little bit bigger the third thing and this is very crucial is everyone 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 three trades in a row I don’t care who you are or what the mathematics says you’re going to start feeling a little bit psychological about the trades which’s something that you truly wish to prevent till you come comfy doing that okay so say you work your method 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 alright you can walk that pull back to fifty dollars per trade pick that fixed amount when you want to protect your capital and just pick an objective each day on
the cash that you wish to make as soon as you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make 3 that three to 5 thousand dollars per week so I’m utilizing you understand about 2.5 percent of my entire 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 shot to make 3 to 5 thousand per trade and try to double my income okay so let’s enter into the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai okay but what I want to do is discover a location where I have a freshly established uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is two biggest waves approximately three pullback is four and after that the high is 5 and the way we can search for the top of 5 is by using a Fibonacci forecast 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 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 cost action comes down through