With low exchange fees. Okx Crypto Wallet … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving features, it likewise offers incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
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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 concerns.
You can produce an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
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also supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room 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 various rates tiers that vary 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 discounts. Alternatives, swaps, and futures have their own rate schedules with differing fees.
One huge disadvantage of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, concealed expense details are a red flag that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction information before proceeding. If you unintentionally send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not typically confront with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are comparable. These consist of utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for most client properties. It likewise has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to buy 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 revenue at this level what we want to do is find the distinction in between these values and that’s going to provide us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Crypto Wallet
distinction in between the entry and the stop okay which’s going to give us the amount of tokens that we require to purchase in order to risk just ten dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar amount fine so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and multiply it by the entry rate which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need 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 require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have ten thousand dollars to use fine since if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account which makes it impossible alright so let’s go over to purchase bit here let’s state we wish to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open up our leverage fine and you’re gon na get this warning that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this leverage capability is changing absolutely nothing about the danger profile on the trade fine if you intend on trading anyways use the referral Link in the description alright each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars per week we’re picking three winners a week okay 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 listed 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 begin taking these trades I wish to review the guidelines that I would advise utilizing when growing a little account fine so the very first rule is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat okay each time you double the account so when you go to 100 approximately 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there till we scale our account up a bit bigger the 3rd thing and this is extremely important is everyone has a psychological threshold when it comes to how much cash they’re comfortable risking if I’m looking 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 bit emotional about the trades and that’s something that you actually want to avoid till you come comfy doing that all right so say you work your way approximately 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 fine you can walk that pull back to fifty dollars per trade pick that fixed amount when you wish to maintain your capital and just choose a goal daily on
the money that you wish to make once you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make three that three to 5 thousand dollars weekly 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 move up to a thousand shot to make 3 to five thousand per trade and attempt to double my earnings okay so let’s enter 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 actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai okay but what I want to do is find an area where I have a recently developed uptrend first thing that I want to do is recognize my wave count alright so if this is our start
first pullback is 2 largest waves as much as three pullback is four and then the high is 5 and the way we can try to find the top of 5 is by utilizing 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 factor 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 increase to the high of one if our rate action boils down through