With low exchange fees. Which Coins Can I Stake On Okx … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. When participating in staking or conserving features, it also uses remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you remain in a location that deals with OKX, you can produce an account that provides you access to trade 343 area currencies.
also supports margin borrowing, earning 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 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 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 qualify for discount rates.
One huge drawback of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, surprise expense information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you inadvertently send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security concerns you don’t usually face with conventional banking platforms. The best practices for keeping your monetary accounts secure are similar. 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, consisting of freezer for most customer possessions. It likewise has offers extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will discover a familiar experience at OKX if you’ve 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 wish to do is discover the difference in between these worths which’s going to give us.057 then we’re going to take the dollar quantity danger 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 Which Coins Can I Stake On Okx
difference between the entry and the stop fine which’s going to offer us the amount of tokens that we need to purchase in order to risk just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our risk benefit and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar amount fine so that suggests that in order to find the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing leverage the only thing it’s changing is just how much money 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 alright due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account which makes it impossible fine so let’s visit buy 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 see what happens when we open up our leverage alright and you’re gon na get this warning that the liquidation is high all right 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 fine so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways use the referral Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars per week we’re picking 3 winners a week all right we’re trying to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is below you can have a look at our Discord where we announce the winners alright before we hop into the trading system that you can utilize to begin taking these trades I want to go over the rules that I would recommend utilizing when growing a little account alright so the first guideline is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat fine each time you double the account so when you go to 100 up to 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there till we scale our account up a bit larger the 3rd thing and this is super important is everybody has a mental threshold when it concerns just 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 three sell 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 truly wish to avoid until you come comfy doing that fine so state you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that pull back to fifty dollars per trade choice that fixed quantity as soon as you want to preserve your capital and simply pick a goal daily on
the money that you want to make once you get up to a comfortable limit where it’s fitting your income objectives so for me personally you understand I like to make three that three to 5 thousand dollars per week so I’m using you understand 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 try to make three to five thousand per trade and try to double my earnings all right so let’s enter the support of the actual 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 reveal you one of 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 recently established uptrend first thing that I wish to do is identify my wave count all right so if this is our beginning
first pullback is two biggest waves up to three pullback is four and then the high is five and the way we can look 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 here click back here and then find my factor 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 price action comes down through