With low exchange charges. Where Can I Use Okx Card … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When participating in staking or saving functions, it likewise offers incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 issues.
If you remain in a location that deals with OKX, you can develop an account that gives you access to trade 343 spot currencies.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming 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 insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area 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 disadvantage of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely will not recover any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you do not normally face with traditional banking platforms. The finest practices for keeping your financial accounts safe are comparable. These consist of utilizing strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of customer properties. It also has offers extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond 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 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 and that we wish to take revenue at this level what we want to do is find the distinction 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 ten dollars and we’re going to divide it by the Where Can I Use Okx Card
difference between the entry and the stop fine which’s going to offer us the amount of tokens that we require to purchase in order to run the risk of only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar quantity fine so that means that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re utilizing utilize the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have 10 thousand dollars to use fine since if we only had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account which makes it impossible okay so let’s visit purchase bit here let’s state 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 enjoy what takes place when we open our leverage alright and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the ideal thing okay 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 leverage ability is altering nothing about the threat profile on the trade all right if you plan on trading anyways use the recommendation Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars per week we’re choosing three winners a week fine we’re attempting to provide 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 have a look at our Discord where we announce the winners okay 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 utilizing when growing a small account all right so the very first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 approximately 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there until we scale our account up a little bit bigger the 3rd thing and this is incredibly crucial is everybody has a psychological threshold when it concerns just how much cash they’re comfortable running the risk of if I’m looking 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 states you’re going to start feeling a bit emotional about the trades which’s something that you actually want to prevent up until you come comfy doing that alright so say you work your method up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that pull back to fifty dollars per trade choice that fixed amount when you want to preserve your capital and simply select a goal each day on
the cash that you wish to make once you get up to a comfy threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 that 3 to five thousand dollars each week 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 understand a couple years from now move up to a thousand shot to make three to five thousand per trade and attempt to double my earnings alright so let’s enter the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai all right however what I wish to do is find an area where I have actually a freshly developed uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
first pullback is two largest waves up to three pullback is 4 and then the high is 5 and the method we can search for the top of five is by utilizing 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 comes down through