With low exchange charges. Okx Exchange Kyc … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. It also provides incredibly high yields in many cases when participating in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world 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 issues.
If you remain in an area that works with OKX, you can create an account that offers you access to trade 343 area currencies.
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Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
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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 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 large holding in the OKB currency might qualify for discount rates. Choices, swaps, and futures have their own rate schedules with varying costs.
One big drawback of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, surprise cost information are a warning that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details prior to continuing. You likely will not recuperate any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not typically confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts secure are comparable. These include using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many customer assets. It likewise has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond 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.
wished 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 selling our position and that we wish to take profit at this level what we wish to do is discover the difference between these worths and that’s going to offer us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Exchange Kyc
distinction in between the entry and the stop fine which’s going to give us the amount of tokens that we require to buy in order to risk just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our risk reward 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 alright 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 quantity of coins and increase it by the entry rate 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 provide us 587 dollars then we need to be able to enter into this position when we’re utilizing take advantage of 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 utilize a 100x leverage that implies now I have 10 thousand dollars to use okay since if we just had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account that makes it difficult alright so let’s visit buy bit here let’s say 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 see what occurs when we open our leverage all right 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 just thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this utilize capability is altering absolutely nothing about the threat profile on the trade all right if you intend on trading anyways use the recommendation Link in the description okay each week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars weekly we’re picking three winners a week all right we’re trying to provide the fees that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can take a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would suggest using when growing a little account okay so the very first guideline is begin with the dollar quantity threat 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 approximately 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there till we scale our account up a bit larger the third thing and this is extremely important is everybody has a mental limit when it comes to just 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 mathematics says you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly want to prevent up until you come comfy doing that fine so state you work your way 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 okay you can walk that back down to fifty dollars per trade choice that repaired amount when you want to protect your capital and simply select a goal daily on
the money that you wish to make when you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that 3 to five thousand dollars weekly so I’m using you understand 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 try to make three to five thousand per trade and try to double my earnings all right so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai fine however what I wish to do is find a location where I have actually a recently established uptrend first thing that I wish to do is identify my wave count all right so if this is our beginning
first pullback is two largest waves as much as three pullback is 4 and after that the high is five and the method we can look for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then find my element 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 cost action boils down through