With low exchange costs. App Okx … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It also uses remarkably high yields in many cases when taking part in staking or conserving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can produce an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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 might qualify for discount rates.
One huge downside of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, covert cost details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely will not recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not normally face with traditional banking platforms. The finest practices for keeping your financial accounts safe and secure are similar. These consist of utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most customer properties. It likewise 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 easy 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 significance that if we’re wrong and it continues moving down we’re offering our position which we wish to take earnings at this level what we wish to do is discover the difference between these values which’s going to offer us.057 then we’re going to take the dollar amount 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 App Okx
distinction between the stop and the entry alright which’s going to give us the amount of tokens that we need to purchase in order to run the risk of just ten dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar quantity alright so that means that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and increase it by the entry cost 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 give us 587 dollars then we require to be able to enter this position when we’re utilizing take advantage of the only thing it’s changing is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have 10 thousand dollars to use okay since if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account which makes it difficult okay so let’s go over to buy bit here let’s say we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our leverage all right and you’re gon na get this warning that the liquidation is high all right 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 best thing alright so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this take advantage of capability is altering nothing about the threat profile on the trade alright if you plan on trading anyways utilize the referral Link in the description all right weekly we do a free gift where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re picking 3 winners a week all right we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is below you can check out our Discord where we announce the winners okay before we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would advise utilizing when growing a little account okay so the very first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 approximately 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there until we scale our account up a little bit bigger the third thing and this is incredibly essential is everybody has a mental threshold when it pertains to just how much cash they’re comfortable risking if I’m taking a look 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 mathematics states you’re going to start feeling a little bit emotional about the trades which’s something that you actually wish to prevent until you come comfortable doing that fine so say you work your way approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that back down to fifty dollars per trade pick that repaired quantity once you wish to protect your capital and simply select a goal per day on
the money that you wish to make when you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to five 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 go up to a thousand shot to make three to 5 thousand per trade and try to double my income all right so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai alright however what I wish to do is find an area where I have a recently developed uptrend first thing that I wish to do is recognize my wave count fine so if this is our start
very first pullback is two largest waves as much as three pullback is 4 and after that the high is five and the method we can look for the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then find 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 cost action boils down through