With low exchange costs. Okx Cross Leverage … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It also offers exceptionally high yields in some cases when participating in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
If you remain in an area that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
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also supports margin borrowing, making 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 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 space to list them all in our OKX review. 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
breaks currencies down into different rates 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 discount rates. Futures, choices, and swaps have their own rate schedules with differing fees.
One huge drawback of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, concealed expense details are a red flag that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. If you accidentally send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security issues you don’t generally confront with standard banking platforms. The finest practices for keeping your financial accounts safe are comparable. 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 utilizes industry-standard security practices, including cold storage for a lot of client possessions. It likewise has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find 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 wish to take revenue at this level what we wish to do is discover the distinction in between these values which’s going to give us.057 then we’re going to take the dollar amount risk 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 Okx Cross Leverage
distinction in between the entry and the stop fine and that’s going to provide us the amount of tokens that we need to purchase in order to risk just ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have that set dollar quantity fine so that suggests that in order to discover 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 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 utilize the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have ten thousand dollars to utilize fine since if we just had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account which makes it impossible okay so let’s visit buy bit here let’s say we want 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 view what happens when we open our take advantage of fine and you’re gon na get this caution that the liquidation is high all right 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 right thing fine so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this utilize ability is changing nothing about the threat profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description okay weekly we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars weekly we’re choosing 3 winners a week all right we’re trying to give the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would advise using when growing a small account fine so the very first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 up to 200 alright you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there up until we scale our account up a bit bigger the 3rd thing and this is super important is everybody has a psychological threshold when it comes to how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math states you’re going to start feeling a bit emotional about the trades and that’s something that you really wish to prevent until you come comfy doing that fine so state 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 which’s excessive for you all right you can walk that pull back to fifty dollars per trade pick that fixed quantity as soon as you want to preserve your capital and just select an objective per day on
the cash that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you understand I like to make three that three to five thousand dollars each week so I’m using you know about 2.5 percent of my whole 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 try to make 3 to 5 thousand per trade and attempt to double my earnings fine 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 definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai okay however what I wish to do is find a location where I have actually a recently developed uptrend first thing that I want to do is identify my wave count all right so if this is our beginning
very first pullback is two largest waves up to 3 pullback is 4 and after that the high is 5 and the method we can look 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 here 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 rate action boils down through