With low exchange costs. Can You Send Avax From Okx To Metamask … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. It also provides exceptionally high yields in many cases when participating in staking or saving features.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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’re in an area that works with OKX, you can develop an account that offers you access to trade 343 area currencies.
likewise 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 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 not enough room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different rates tiers that differ 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 large holding in the OKB currency may qualify for discount rates. Futures, alternatives, and swaps have their own rate schedules with varying fees.
One huge drawback of is that it doesn’t reveal fees for withdrawals and deposits. While much of is transparent, surprise cost details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal details before continuing. If you accidentally send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you do not generally face with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts secure are similar. These consist of using 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, including freezer for many client assets. It also has offers extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will find a familiar experience at OKX if you’ve 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 offering our position which we want to take revenue at this level what we want to do is discover the difference in between these worths which’s going to provide us.057 then we’re going to take the dollar quantity risk 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 Can You Send Avax From Okx To Metamask
difference between the stop and the entry alright which’s going to offer us the quantity of tokens that we require to buy in order to risk just 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you require to have that set dollar amount all right so that suggests that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the amount 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 increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter this position when we’re using take advantage of the only thing it’s changing is just how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have 10 thousand dollars to use fine due to the fact that if we just had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it difficult all right so let’s go over to purchase bit here let’s say we wish to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open up our take advantage of okay and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is altering absolutely nothing about the risk profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description fine each week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars weekly we’re choosing three winners a week fine we’re trying to provide the charges that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed below you can take 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 wish to go over the guidelines that I would advise using when growing a little account alright so the very first guideline is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 up to 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there till we scale our account up a bit bigger the 3rd thing and this is extremely crucial is everyone has a mental limit when it concerns just how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math states you’re going to begin feeling a little bit emotional about the trades and that’s something that you really wish to prevent until you come comfortable doing that alright so state you work your method up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can stroll that pull back to fifty dollars per trade choice that repaired amount as soon as you want to protect your capital and just choose a goal each day on
the cash that you wish to make once you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make 3 that three to five thousand dollars per 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 know a couple years from now move up to a thousand try to make three to five thousand per trade and attempt to double my earnings alright so let’s get into the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces 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 fine however what I wish to do is discover an area where I have a freshly developed uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is two biggest waves as much as 3 pullback is four and after that the high is 5 and the method we can search for the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and then find my element 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 rate action comes down through