With low exchange charges. Apex Protocol Okx … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It also provides remarkably high yields in some cases when taking part in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
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The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
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 cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note 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 large holding in the OKB currency may certify for discounts.
One big drawback of is that it doesn’t divulge costs for withdrawals and deposits. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check deal details before proceeding. If you inadvertently send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security issues you do not usually confront with standard banking platforms. Nevertheless, the best practices for keeping your monetary accounts secure are comparable. These include using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for the majority of client assets. It likewise has offers extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy 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.
wanted 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 wish to do is discover the difference between these values and that’s going to offer us.057 then we’re going to take the dollar amount danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Apex Protocol Okx
difference between the stop and the entry fine which’s going to give us the quantity of tokens that we need 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 ever going to be able to dial in our danger reward 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 discover the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and increase it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we require to be able to enter this position when we’re utilizing take advantage of the only thing it’s altering is just 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 indicates now I have ten thousand dollars to utilize alright because if we just had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account which makes it impossible okay so let’s visit buy bit here let’s say we want 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 watch what occurs when we open our take advantage of 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 10 dollars you are safe and you’re doing the ideal thing alright so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account all right so this leverage ability is changing nothing about the danger profile on the trade alright if you intend on trading anyways use the referral Link in the description fine every week we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars per week we’re choosing three winners a week all right we’re trying to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is below you can have a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would recommend utilizing when growing a small account fine so the first rule is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger alright each time you double the account so when you go to 100 as much as 200 fine you want to move that approximately 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 larger the 3rd thing and this is incredibly essential is everyone has a psychological limit when it concerns just how much cash they’re comfortable running the risk of 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 states you’re going to begin feeling a little bit emotional about the trades and that’s something that you truly wish to prevent up until you come comfortable doing that alright so state 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 too much for you alright you can walk that pull back to fifty dollars per trade choice that repaired quantity when you want to protect your capital and simply choose a goal each day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make three that three to five thousand dollars weekly so I’m utilizing you understand 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 shot to make 3 to five thousand per trade and try to double my earnings alright so let’s enter 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 reveal you one of the setups that I had on xrp when I was really in Dubai fine 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 fine so if this is our beginning
first pullback is two largest waves as much as three pullback is 4 and after that the high is five and the way we can try to find the top of 5 is by using 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 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 go up to the high of one if our cost action boils down through