With low exchange charges. Okx Kołobrzeg … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. When participating in staking or conserving features, it also provides exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site 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’re in an area that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
likewise supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 large holding in the OKB currency might get approved for discount rates. Swaps, options, and futures have their own rate schedules with varying costs.
One huge downside of is that it does not disclose costs for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal details before proceeding. You likely won’t recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t usually face with traditional banking platforms. Nevertheless, the very best practices for keeping your financial accounts secure are comparable. These consist of using strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for the majority of customer possessions. It likewise has offers extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 selling our position which we want to take profit at this level what we want to do is discover the difference in between these values and that’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 10 dollars and we’re going to divide it by the Okx Kołobrzeg
distinction between the stop and the entry fine which’s going to give us the amount of tokens that we require to purchase in order to run the risk of just ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar amount alright so that indicates that in order to discover 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 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 this position when we’re utilizing leverage the only thing it’s altering is 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 indicates now I have 10 thousand dollars to use okay due to the fact that if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account that makes it impossible alright so let’s go over to purchase bit here let’s say we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open up our leverage fine and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the right thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this utilize capability is changing absolutely nothing about the risk profile on the trade fine if you intend on trading anyways use the referral Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re choosing 3 winners a week alright we’re trying to offer the costs that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can take a look at our Discord where we announce the winners okay before we hop into the trading system that you can utilize to begin taking these trades I want to go over the guidelines that I would recommend using when growing a small account all right so the first guideline is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 okay you wish to move that as much as 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 little bit larger the third thing and this is very important is everybody has a psychological limit when it comes to how much money they’re comfortable risking 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 psychological about the trades and that’s something that you really want to avoid till you come comfortable doing that fine so say you work your method up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can stroll that pull back to fifty dollars per trade pick that repaired amount when you want to preserve your capital and just pick an objective each day on
the cash that you wish to make as soon as you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to five thousand dollars weekly so I’m utilizing you understand 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 5 thousand per trade and try to double my earnings okay so let’s get into the bread and butter 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 absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai alright but what I want to do is discover an area where I have actually a freshly established uptrend first thing that I want to do is determine my wave count all right so if this is our beginning
very first pullback is 2 largest waves up to 3 pullback is four and after that the high is five and the way 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 worth I’m gon na click here click back here and then discover my aspect of one and you can see the cost 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