With low exchange charges. Praca Siedlce Okx … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When participating in staking or conserving features, it likewise provides remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces worldwide. 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 countries. They don’t take users from the United States due to regulative and compliance issues.
You can develop an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient 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 large holding in the OKB currency may qualify for discount rates.
One big drawback of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, hidden expense details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details before proceeding. You likely will not recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you do not normally confront with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts protected are comparable. These consist of utilizing strong passwords unique to every website 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 the majority of consumer assets. It also 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 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 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 selling our position and that we want to take profit at this level what we want to do is discover the difference between these values and that’s going to offer us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Praca Siedlce Okx
difference in between the entry and the stop okay which’s going to give us the quantity of tokens that we need to purchase in order to risk only ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our risk reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have that set dollar quantity okay so that indicates that in order to discover the capital requirement or the quantity of money that we need for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here alright 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 need to be able to enter into this position when we’re utilizing utilize the only thing it’s changing is how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have 10 thousand dollars to utilize okay since if we just had a hundred dollar account all right this 587 is already 5x the size of our cash value of our account that makes it impossible fine so let’s visit buy bit here let’s say we want 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 watch what happens when we open up our utilize all right 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 ten dollars you are safe and you’re doing the ideal thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing absolutely nothing about the risk profile on the trade fine if you plan on trading anyways utilize the referral Link in the description alright weekly we do a free gift where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars per week we’re picking 3 winners a week okay 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 connect is below you can have a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to start taking these trades I want to go over the rules that I would advise using when growing a small account fine so the very first guideline is start with the dollar amount threat 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 as much as 200 fine 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 quantity and utilize that there until we scale our account up a bit bigger the third thing and this is super essential is everyone has a mental threshold when it comes to how much money 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 begin feeling a bit emotional about the trades and that’s something that you really wish to prevent till you come comfortable doing that all right so say 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 okay you can stroll that back down to fifty dollars per trade pick that repaired amount when you wish to maintain your capital and simply pick an objective per day on
the cash that you wish to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that 3 to five thousand dollars weekly so I’m using you understand 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 go up to a thousand shot to make three to five thousand per trade and try to double my earnings all right so let’s enter into the support of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai okay but what I want to do is discover a location where I have actually a freshly established uptrend first thing that I want to do is identify my wave count okay so if this is our start
very first pullback is two biggest waves up to three pullback is 4 and after that the high is five and the method 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 worth I’m gon na click on this link click back here and then find my element of one and you can see the rate 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 cost action comes down through