With low exchange charges. Can You Have Multiple Accounts On Okx … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When participating in staking or conserving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world 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 regulative and compliance concerns.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining 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 space to list them all in our OKX review. 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 might certify for discounts.
One huge disadvantage of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, concealed cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. If you accidentally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you do not typically confront with traditional banking platforms. However, the very best practices for keeping your monetary accounts secure are similar. These include utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of client assets. It likewise has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
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 want to take earnings at this level what we want to do is discover the distinction in between these values which’s going to give us.057 then we’re going to take the dollar quantity threat 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 Have Multiple Accounts On Okx
difference in between the stop and the entry fine and that’s going to give us the amount of tokens that we require to buy in order to risk just 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar quantity all right so that indicates that in order to discover the capital requirement or the quantity of cash that we require for this trade we have 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 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 using leverage the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that indicates now I have 10 thousand dollars to use all right since if we only had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account that makes it difficult okay so let’s visit purchase 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 watch what happens when we open up our leverage all right and you’re gon na get this warning 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 best thing okay so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this take advantage of ability is changing nothing about the risk profile on the trade all right if you intend on trading anyways utilize the referral Link in the description fine every week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars weekly we’re choosing 3 winners a week all right we’re trying to offer the fees that we’re collecting from the affiliate program back into the community for you people trading with us connect is below you can take a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to start taking these trades I wish to review the rules that I would recommend using when growing a small account okay so the first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk fine each time you double the account so when you go to 100 as much as 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there up until we scale our account up a bit bigger the 3rd thing and this is super crucial is everyone has a mental limit when it comes to just how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit emotional about the trades and that’s something that you truly want to prevent till you come comfy doing that all right so state you work your way approximately 200 to 500 to a thousand all right 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 pick that repaired quantity when you wish to protect your capital and just select an objective each day on
the money that you want to make when you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that 3 to 5 thousand dollars per week 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 then I’ll increase it you understand a couple years from now move up to a thousand shot to make 3 to five thousand per trade and try to double my earnings alright so let’s enter the bread and butter of the real 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 among the setups that I had on xrp when I was in fact in Dubai fine but what I wish 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 alright so if this is our beginning
very first pullback is two biggest waves up to three pullback is four and then the high is five and the way we can search for the top of 5 is by using 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 factor 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 price action boils down through