With low exchange charges. Bokserki Okx … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It also offers incredibly high yields in many cases when participating in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 regulatory and compliance concerns.
If you remain in a location that works with OKX, you can develop an account that offers you access to trade 343 area currencies.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 space to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ based upon 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 might receive discounts. Options, swaps, and futures have their own rate schedules with differing costs.
One big drawback of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal information before continuing. If you accidentally send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security concerns you don’t normally face with traditional banking platforms. The best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most customer assets. It also has deals extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will discover 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 significance that if we’re wrong and it continues moving down we’re selling our position and that we want to take earnings at this level what we wish to do is discover the difference between these worths and that’s going to provide 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 Bokserki Okx
difference in between the entry and the stop fine which’s going to offer us the quantity of tokens that we need to buy in order to risk only ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk reward and you’re going to definitely screw yourself so make certain 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 amount of money that we need for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that means now I have 10 thousand dollars to use all right due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account that makes it difficult alright so let’s go over to buy bit here let’s say 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 view what happens when we open up our utilize okay and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is altering absolutely nothing about the risk profile on the trade all right if you intend on trading anyways utilize the referral Link in the description fine each week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re choosing three winners a week okay we’re trying to offer the charges that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can check out our Discord where we reveal the winners okay before we hop into the trading system that you can utilize to start taking these trades I want to review the guidelines that I would suggest using when growing a small account okay so the very first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 up to 200 fine you wish to move that up to 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 little bit larger the 3rd thing and this is super essential is everyone has a psychological limit when it pertains to 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 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 which’s something that you truly wish to avoid up until you come comfortable doing that fine so state you work your method approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can stroll that pull back to fifty dollars per trade choice that fixed amount as soon as you wish to preserve your capital and simply choose an objective each day on
the cash that you want to make once you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars each week so I’m utilizing you understand about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then 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 attempt to double my income okay so let’s enter into the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai alright however what I want to do is find an area where I have a freshly established 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 biggest waves as much as 3 pullback is four and after that the high is 5 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 worth I’m gon na click on this link click back here and after that discover my factor 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 rate action boils down through