With low exchange charges. Can’t Verify Identity Okx … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When getting involved in staking or saving features, it likewise uses remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces worldwide. 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 countries. They do not take users from the United States due to regulative and compliance issues.
You can produce an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list 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 big holding in the OKB currency might certify for discount rates.
One big disadvantage of is that it does not divulge costs for withdrawals and deposits. While much of is transparent, concealed expense details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal details before continuing. You likely won’t recover any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not normally face with standard banking platforms. The finest practices for keeping your financial accounts protected are comparable. 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 utilizes industry-standard security practices, including freezer for most customer assets. It likewise has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of 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 which we want to take profit at this level what we wish to do is find the distinction between these values and that’s going to give us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Can’t Verify Identity Okx
difference in between the entry and the stop all right which’s going to give us the quantity of tokens that we need to buy in order to run the risk of just 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to dial 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 that set dollar quantity all right so that indicates that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the amount of coins and increase it by the entry price which is this level here all right 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 leverage the only thing it’s changing is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have ten thousand dollars to utilize all right since if we just had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account that makes it impossible alright so let’s visit buy bit here let’s say we wish to take this ape trade here fine 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 all right as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the right thing alright so now just thing that we require to use 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 danger profile on the trade fine if you plan on trading anyways use the recommendation Link in the description fine each week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re choosing three winners a week all right we’re trying to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is below you can take a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to start taking these trades I want to go over the guidelines that I would suggest using when growing a little account all right so the very first rule is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk alright each time you double the account so when you go to 100 up to 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there up until we scale our account up a little bit bigger the third thing and this is very crucial is everybody has a psychological limit when it comes 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 says you’re going to begin feeling a bit emotional about the trades which’s something that you really wish to prevent till you come comfy doing that fine so state you work your way as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that back down to fifty dollars per trade pick that fixed quantity when you wish to preserve your capital and simply pick an objective daily on
the money that you wish to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make 3 that three to 5 thousand dollars weekly 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 then I’ll increase it you know a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my income okay so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai alright however what I wish to do is discover a location where I have actually a freshly developed uptrend first thing that I wish to do is recognize my wave count okay so if this is our beginning
first pullback is 2 biggest waves up to three pullback is four and then the high is five and the method we can try to find the top of 5 is by using a Fibonacci forecast 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 discover 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 rate action boils down through