With low exchange charges. Can I Buy Bitcoin From Okx In Nigeria … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. When participating in staking or conserving features, it also uses remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
If you’re in a location that works with OKX, you can produce an account that offers you access to trade 343 area currencies.
likewise supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary 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 big holding in the OKB currency may receive discounts. Swaps, futures, and choices have their own rate schedules with differing charges.
One big disadvantage of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, covert cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you unintentionally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security issues you do not normally face with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts protected are similar. These consist of using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most client possessions. It likewise has offers extra 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. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
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 earnings at this level what we want to do is find the distinction in between these worths which’s going to offer us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Can I Buy Bitcoin From Okx In Nigeria
distinction in between the stop and the entry okay and that’s going to offer us the amount of tokens that we require to purchase in order to run the risk of only 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount okay so that suggests that in order to find the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and increase it by the entry rate 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 give us 587 dollars then we need to be able to enter this position when we’re utilizing leverage the only thing it’s altering is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have ten thousand dollars to use all right because if we just had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult all right so let’s visit purchase bit here let’s state we wish 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 see what occurs when we open up our take advantage of all right and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account all right so this leverage capability is altering absolutely nothing about the danger profile on the trade all right if you intend on trading anyways use the recommendation Link in the description alright each week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars per week we’re picking three winners a week okay we’re trying to give the costs that we’re collecting from the affiliate program back into the community for you people trading with us link is listed below you can take a look at our Discord where we announce the winners alright 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 using when growing a little account fine so the very first guideline is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk fine each time you double the account so when you go to 100 up to 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there until we scale our account up a little bit larger the 3rd thing and this is incredibly crucial is everyone has a mental threshold when it pertains to how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math states you’re going to start feeling a little bit emotional about the trades which’s something that you actually wish to avoid up until you come comfy doing that all right so say you work your method approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that pull back to fifty dollars per trade choice that fixed amount once you want to preserve your capital and simply select an objective daily on
the cash that you want to make when you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that 3 to five thousand dollars each week so I’m utilizing you know 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 try to make three to five thousand per trade and attempt to double my earnings alright so let’s get into the support 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 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 find an area where I have a freshly developed uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
first pullback is 2 largest waves as much as three pullback is four and then the high is 5 and the method we can try to find 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 find my aspect 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