With low exchange costs. Tradingview To Okx … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It also provides extremely high yields in many cases when taking part in staking or conserving functions.
was founded in 2017 and keeps 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 site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
You can produce an account that provides you access to trade 343 area 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 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note them all in our OKX evaluation. 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 various rates 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 large holding in the OKB currency might qualify for discount rates. Futures, swaps, and options have their own rate schedules with differing costs.
One big disadvantage of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, surprise expense information are a warning that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you inadvertently send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security issues you do not normally face with conventional banking platforms. The best practices for keeping your financial accounts safe are comparable. These consist of using strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most client assets. It also has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will discover a familiar experience at OKX if you have actually 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 selling our position and that we want to take profit at this level what we wish to do is find the difference between these worths and that’s going to give us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Tradingview To Okx
difference between the stop and the entry fine and that’s going to provide us the amount of tokens that we require to buy in order to run the risk of only 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar amount alright so that implies that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and multiply 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 provide us 587 dollars then we require to be able to get into this position when we’re using utilize 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 utilize that implies now I have 10 thousand dollars to use fine due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account that makes it impossible fine so let’s go over to purchase bit here let’s say we wish to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open up our take advantage of all right and you’re gon na get this caution that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this take advantage of ability is altering nothing about the risk profile on the trade fine if you plan on trading anyways use the referral Link in the description all right each week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars weekly we’re selecting 3 winners a week all right we’re trying to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can have a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the guidelines that I would recommend using when growing a small account fine so the first rule is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk fine 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 amount and use that there till we scale our account up a bit bigger the third thing and this is super essential is everyone has a psychological 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 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 wish to prevent up until you come comfy doing that alright so say you work your method up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that back down to fifty dollars per trade pick that repaired quantity as soon as you wish to preserve your capital and just choose an objective daily on
the money that you want to make once you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make 3 that 3 to five thousand dollars per week so I’m utilizing you know 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 understand a couple years from now go up to a thousand try to make three to five thousand per trade and attempt to double my income alright so let’s get into the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai alright but what I want to do is discover an area where I have actually a newly developed uptrend first thing that I wish to do is determine my wave count alright so if this is our beginning
very first pullback is 2 biggest waves as much as three pullback is 4 and then the high is five and the way we can try to find the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and then discover 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 price action boils down through