With low exchange costs. Okx 1610 Bonus … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It also offers incredibly high yields in some cases when taking part in staking or conserving functions.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
If you remain in an area that works with OKX, you can create an account that offers you access to trade 343 spot currencies.
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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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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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 might certify for discount rates.
One huge drawback of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, covert cost information are a red flag that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction details prior to continuing. You likely won’t recover any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not normally face with conventional banking platforms. The finest practices for keeping your monetary accounts safe are similar. These include utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for many consumer assets. It likewise has deals extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 which we want to take profit at this level what we want to do is find the difference between these values which’s going to give us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx 1610 Bonus
difference between the entry and the stop fine and that’s going to offer us the amount of tokens that we need to purchase in order to run the risk of only ten dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our risk reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar amount fine so that means that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and increase it by the entry price 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 require to be able to enter into this position when we’re using leverage the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have ten thousand dollars to utilize alright since if we just had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account which makes it difficult fine so let’s go over to buy bit here let’s state we wish to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open our utilize alright 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 ideal thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account fine so this leverage ability is changing absolutely nothing about the danger profile on the trade okay if you plan on trading anyways use the referral Link in the description okay weekly we do a free gift where anybody trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars each week we’re choosing 3 winners a week okay we’re trying to give the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is below you can take a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to go over the guidelines that I would suggest using when growing a little account alright so the very first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar risk fine each time you double the account so when you go to 100 as much as 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a little bit larger the 3rd thing and this is super important is everyone has a mental threshold when it pertains to how much cash they’re comfortable running the risk of if I’m looking 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 says you’re going to begin feeling a little bit psychological about the trades and that’s something that you really want to prevent till you come comfy doing that alright so say you work your method as much as 200 to 500 to a thousand alright 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 quantity as soon as you wish to maintain your capital and simply choose a goal per day on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars per week so I’m using 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 understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt to double my income alright so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai alright however what I wish to do is discover a location where I have a newly developed uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
very first pullback is two largest waves as much as three pullback is 4 and then the high is five 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 worth I’m gon na click on this link click back here and then discover 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 comes down through