With low exchange fees. Can I Buy Okx On Robinhood … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When participating in staking or conserving features, it also provides incredibly high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces 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 regulative and compliance issues.
You can develop an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin borrowing, earning 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 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.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based on trade volume and account holdings. 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 get approved for discounts. Alternatives, swaps, and futures have their own rate schedules with differing fees.
One big downside of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details before continuing. You likely will not recover any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you do not generally face with traditional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe are comparable. These consist of utilizing strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most consumer properties. It likewise has offers additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 and that we want to take earnings at this level what we want to do is find the distinction between these values and that’s going to give us.057 then we’re going to take the dollar quantity threat we want 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 Okx On Robinhood
difference between the stop and the entry alright and that’s going to provide us the quantity of tokens that we require to buy in order to run the risk of just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our risk reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have actually that set dollar amount okay so that indicates that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to enter into this position when we’re using take advantage of the only thing it’s changing is just how much cash 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 suggests now I have ten thousand dollars to use fine 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 that makes it difficult fine so let’s go over to buy bit here let’s state we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our leverage alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring 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 all right so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this leverage ability is changing nothing about the danger profile on the trade all right if you intend on trading anyways utilize the referral Link in the description all right weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars per week we’re choosing 3 winners a week okay we’re trying to give the costs that we’re gathering 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 all right before we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would suggest utilizing when growing a small account fine so the first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat okay each time you double the account so when you go to 100 up to 200 fine you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there up until we scale our account up a bit larger the third thing and this is very important is everyone has a mental threshold when it concerns 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 three trades in 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 which’s something that you truly wish to prevent until you come comfortable doing that all right so state you work your way as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can stroll that pull back to fifty dollars per trade choice that fixed quantity when you want to preserve your capital and simply pick a goal per day on
the money that you want to make when you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make 3 that 3 to five thousand dollars weekly so I’m using you learn 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 know a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt to double my earnings alright so let’s enter into the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai okay however what I want to do is discover an area where I have a recently established uptrend first thing that I wish to do is determine my wave count all right so if this is our start
very first pullback is 2 biggest waves up to three pullback is 4 and then the high is 5 and the method we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value 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 price action boils down through