With low exchange fees. Can I Buy Cardano On Okx … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. It also uses extremely high yields in many cases when participating in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site 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 create an account that offers you access to trade 343 spot currencies.
likewise 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. could 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 review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discounts.
One big drawback of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, concealed cost details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. If you mistakenly send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security concerns you do not generally face with traditional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These include using strong passwords unique to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for a lot of customer possessions. It likewise has deals extra functions like the ability 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 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 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 distinction between these values which’s going to provide us.057 then we’re going to take the dollar amount danger 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 Can I Buy Cardano On Okx
difference between the entry and the stop fine which’s going to provide us the amount of tokens that we need to buy in order to run the risk of just 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have actually that set dollar amount okay so that implies that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here alright 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 into this position when we’re utilizing take advantage of 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 utilize that means now I have ten thousand dollars to utilize fine because if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account which makes it difficult all right so let’s go over to purchase bit here let’s say we want to take this ape trade here all right 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 leverage fine 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 ten dollars you are safe and you’re doing the ideal thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this utilize ability is altering absolutely nothing about the threat profile on the trade all right if you intend on trading anyways utilize the recommendation Link in the description alright every 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 weekly we’re selecting three winners a week fine we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you people trading with us link is 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 use to begin taking these trades I want to review the guidelines that I would suggest utilizing when growing a little account alright so the first guideline is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 approximately 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there until we scale our account up a bit bigger the third thing and this is extremely important is everybody has a psychological limit when it pertains to how much cash they’re comfortable risking 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 says you’re going to start feeling a bit emotional about the trades which’s something that you actually wish to avoid until you come comfortable doing that fine so state you work your way up to 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that pull back to fifty dollars per trade pick that fixed amount when you wish to protect your capital and simply pick a goal daily on
the cash that you want to make when you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make three that 3 to 5 thousand dollars each week 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 after that 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 all right so let’s enter the bread and butter of the actual trading this is a system that I’ve 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 in fact in Dubai alright but what I wish to do is find an area where I have actually a freshly established uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
very first pullback is 2 biggest waves up to 3 pullback is 4 and after that the high is 5 and the way we can search for the top of five is by using a Fibonacci projection off of our one wave so if this is our one value 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 go up to the high of one if our price action comes down through