With low exchange charges. Where Can I Use My Okx Card … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it also offers extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
If you remain in an area that deals with OKX, you can develop an account that offers you access to trade 343 area currencies.
Supports margin borrowing, earning cryptocurrency through staking and 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space 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 pricing tiers that vary based on 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 receive discount rates. Alternatives, swaps, and futures have their own rate schedules with differing costs.
One big drawback of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, concealed expense details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction details before proceeding. You likely will not recuperate any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t usually confront with traditional banking platforms. Nevertheless, the very best practices for keeping your financial accounts protected are similar. These include using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many customer properties. It likewise has deals extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy 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.
wished to purchase 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 which we want to take profit at this level what we want to do is discover the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar amount threat we want 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 Use My Okx Card
difference between the entry and the stop alright which’s going to provide us the amount of tokens that we need to buy in order to risk only ten dollars all right 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 benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount okay so that suggests that in order to find the capital requirement or the quantity of cash that we require for this trade we need to take the amount of coins and multiply it by the entry cost 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 give us 587 dollars then we need to be able to enter this position when we’re using utilize the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have ten thousand dollars to utilize all right since if we just had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account which makes it difficult all right so let’s go over to buy bit here let’s say we wish to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open our utilize all right 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 best thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is altering absolutely nothing about the danger profile on the trade alright if you plan on trading anyways utilize the recommendation Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars each week we’re selecting three winners a week all right we’re trying to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is below you can take a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would suggest using when growing a little account okay so the very first guideline is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk all right each time you double the account so when you go to 100 up to 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there until we scale our account up a little bit bigger the third thing and this is extremely important is everyone has a psychological threshold when it concerns how much cash they’re comfortable running the risk of 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 bit emotional about the trades which’s something that you really want to prevent till you come comfortable doing that all right so state you work your method approximately 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can walk that pull back to fifty dollars per trade pick that fixed amount when you want to maintain your capital and just pick an objective each day on
the money that you wish to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make 3 that three to five thousand dollars weekly so I’m utilizing you understand 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 try to make 3 to five thousand per trade and attempt to double my income alright so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai okay however what I want to do is find an area where I have a newly 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 approximately 3 pullback is four and then the high is 5 and the method we can search 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 on this link click back here and after that discover 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 rate action boils down through