With low exchange costs. Where Can I Buy Okx Gift Card … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It also provides extremely high yields in many cases when participating in staking or saving features.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
If you remain in a location that works with OKX, you can create an account that provides you access to trade 343 spot currencies.
likewise 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. could work as an exchange you use 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 room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may certify for discounts.
One huge drawback of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, surprise cost details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal information before continuing. If you inadvertently send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security issues you do not generally face with conventional banking platforms. The best practices for keeping your financial accounts protected are comparable. These include using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for many customer properties. It likewise has offers extra features like the capability 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 discover 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 offering our position and that we wish to take earnings at this level what we wish to do is discover the difference between these worths which’s going to give us.057 then we’re going to take the dollar amount danger 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 Where Can I Buy Okx Gift Card
distinction in between the entry and the stop okay which’s going to provide us the quantity of tokens that we need to buy in order to risk just 10 dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have actually that set dollar quantity fine so that suggests that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we require to be able to enter into this position when we’re using take advantage of the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have ten thousand dollars to utilize fine since if we just had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account that makes it impossible fine so let’s go over to purchase bit here let’s say 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 watch 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 10 dollars you are safe and you’re doing the right thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account fine so this leverage capability is changing nothing about the threat profile on the trade all right if you plan on trading anyways utilize the referral Link in the description fine every week we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re picking 3 winners a week fine we’re trying to give the fees that we’re collecting from the affiliate program back into the community for you men trading with us link is below you can take a look at our Discord where we reveal the winners alright 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 suggest utilizing when growing a small account okay so the first guideline is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat fine each time you double the account so when you go to 100 approximately 200 fine you wish 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 utilize that there till we scale our account up a bit larger the 3rd thing and this is very essential is everybody has a mental threshold when it comes to how much cash they’re comfortable running the risk of if I’m taking a look 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 bit emotional about the trades and that’s something that you really want to avoid till you come comfy doing that fine so say 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 and that’s too much for you fine you can walk that back down to fifty dollars per trade pick that repaired quantity once you want to protect your capital and just pick an objective daily on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars weekly so I’m utilizing you know about 2.5 percent of my entire 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 5 thousand per trade and attempt to double my earnings fine so let’s enter into the support of the actual trading this is a system that I’ve been trading the markets 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 really in Dubai alright however what I want to do is find an area where I have actually a newly developed uptrend first thing that I wish to do is determine my wave count okay so if this is our start
very first pullback is 2 largest waves up to three pullback is 4 and after that the high is 5 and the way 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 on this link click back here and after that discover my aspect 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 price action boils down through