With low exchange charges. Can You Stake Crypto On Okx … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. It also provides incredibly high yields sometimes when taking part in staking or saving functions.
was founded in 2017 and maintains 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 website 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.
If you’re in a location that deals with OKX, you can create an account that gives you access to trade 343 area currencies.
likewise 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. 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 evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 big holding in the OKB currency might get approved for discount rates. Futures, choices, and swaps have their own rate schedules with varying fees.
One huge drawback of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, hidden expense information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely will not recover any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you don’t usually face with standard banking platforms. The finest practices for keeping your financial accounts safe are comparable. These consist of utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many customer properties. It likewise has offers extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will discover a familiar experience at OKX if you’ve 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 selling 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 offer 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 10 dollars and we’re going to divide it by the Can You Stake Crypto On Okx
distinction between the stop and the entry alright and that’s going to provide us the amount of tokens that we need to buy in order to run the risk of just 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our threat benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity okay so that suggests that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the amount of coins and increase 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 provide us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s altering is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that implies now I have ten thousand dollars to utilize okay due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account which makes it difficult alright so let’s visit buy bit here let’s say we want to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open our utilize alright 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 ten dollars you are safe and you’re doing the ideal thing okay so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this utilize capability is altering nothing about the risk profile on the trade okay if you plan on trading anyways use the referral Link in the description all right every week we do a free gift where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars weekly we’re picking 3 winners a week fine we’re attempting to offer the charges that we’re gathering from the affiliate program back into the community for you guys trading with us link is listed below you can take a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would advise utilizing when growing a little account all right so the very first rule is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat alright each time you double the account so when you go to 100 up to 200 all right you want 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 utilize that there up until we scale our account up a bit larger the 3rd thing and this is incredibly essential is everyone has a psychological limit when it comes to 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 3 trades in 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 avoid until you come comfortable doing that okay so say you work your way approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can stroll that pull back to fifty dollars per trade choice that fixed quantity when you wish to protect your capital and just choose a goal each day on
the money that you want to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you understand 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 entire 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 get into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces 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 alright but what I wish to do is find an area where I have a recently developed uptrend first thing that I want to do is determine my wave count all right so if this is our beginning
first pullback is 2 largest waves up to 3 pullback is four and then the high is five and the method we can try to find the top of five is by utilizing 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 discover my aspect of one and you can see the price 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 rate action boils down through