With low exchange fees. Okx Quarterly Futures … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When participating in staking or saving features, it also offers incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
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The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in an area that works with OKX, you can develop an account that offers you access to trade 343 spot currencies.
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Supports margin loaning, making 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 utilize 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 not enough room to list them all in our OKX review. 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
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.
One big drawback of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, surprise cost details are a red flag that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check deal details prior to continuing. You likely won’t recover any funds if you accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you do not generally confront with conventional banking platforms. The finest practices for keeping your financial accounts secure are comparable. These consist of utilizing strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most customer possessions. It also has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone 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.
wished to buy 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 and that we wish to take profit at this level what we want to do is find the difference in between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Quarterly Futures
difference in between the stop and the entry fine which’s going to give us the quantity of tokens that we need to purchase in order to risk just ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to call in our threat reward and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity all right so that implies that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and increase it by the entry cost 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 get into this position when we’re utilizing utilize the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that suggests now I have ten thousand dollars to utilize fine because if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account that makes it difficult all right so let’s visit purchase bit here let’s say we want 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 see what takes place when we open our take advantage of okay 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 risking that ten dollars you are safe and you’re doing the right thing fine so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this utilize ability is changing absolutely nothing about the threat profile on the trade all right if you intend on trading anyways use the referral Link in the description okay each week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars weekly we’re selecting three winners a week fine we’re trying to give the charges that we’re gathering from the affiliate program back into the community for you people trading with us connect is below you can check out our Discord where we reveal the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would recommend using when growing a small account alright so the very first rule is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that ten dollar risk all right each time you double the account so when you go to 100 approximately 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there up until we scale our account up a little bit bigger the third thing and this is super essential is everybody has a psychological threshold when it concerns how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 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 which’s something that you really wish to avoid up until you come comfy doing that fine so state you work your way as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that pull back to fifty dollars per trade choice that repaired quantity once you wish to maintain your capital and just pick an objective daily on
the cash that you want to make once you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make 3 that three to five thousand dollars weekly 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 know 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 all right so let’s get into the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai fine but what I wish to do is find a location where I have a recently established uptrend first thing that I wish to do is identify my wave count fine so if this is our start
first pullback is 2 biggest waves as much as three pullback is four and after that the high is 5 and the way we can search for the top of five is by utilizing 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 after that find my element 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 go up to the high of one if our price action boils down through