With low exchange costs. Coins On Okx … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It likewise uses incredibly high yields in many cases when taking part in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can develop an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin borrowing, earning 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 main 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 overall.
Currencies traded on by volume:
breaks currencies down into different rates 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 big holding in the OKB currency may qualify for discounts. Futures, options, and swaps have their own rate schedules with varying fees.
One huge downside of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, hidden expense details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information before proceeding. You likely will not recover any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not generally confront with traditional banking platforms. The finest practices for keeping your monetary accounts safe are comparable. These include using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most consumer properties. It also has deals extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to purchase apecoin at this level put our stop loss down at this level meaning that if we’re wrong and it continues moving down we’re selling our position and that we wish to take profit at this level what we want to do is find the distinction in between these values which’s going to provide 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 10 dollars and we’re going to divide it by the Coins On Okx
difference between the stop and the entry fine and that’s going to provide us the quantity of tokens that we need to buy in order to risk only ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity all right so that suggests that in order to find the capital requirement or the amount of cash that we require for this trade we need 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 this position when we’re using utilize 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 utilize a 100x take advantage of that means now I have 10 thousand dollars to utilize okay since if we only had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account which makes it impossible fine so let’s go over to purchase bit here let’s state we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open up our utilize fine 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 running the risk of that 10 dollars you are safe and you’re doing the ideal thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is changing 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 gotten in to win a hundred dollars per week we’re picking three winners a week fine we’re trying to give the costs that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can have a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to begin taking these trades I wish to review the guidelines that I would suggest utilizing when growing a little account okay so the very first guideline is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk okay each time you double the account so when you go to 100 up to 200 all right 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 quantity and use that there up until we scale our account up a little bit bigger the third thing and this is very crucial is everyone has a mental threshold when it concerns how much money 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 mathematics says you’re going to start feeling a bit psychological about the trades and that’s something that you truly want to avoid until you come comfy doing that alright so say you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that back down to fifty dollars per trade choice that fixed amount as soon as you wish to preserve your capital and simply pick a goal daily on
the cash that you wish to make once you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make 3 that 3 to 5 thousand dollars each 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 then I’ll increase it you know a couple years from now go up to a thousand try to make three to 5 thousand per trade and try to double my earnings 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 definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai fine but what I want to do is discover an area where I have actually a recently developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
very first pullback is two biggest waves up to 3 pullback is four and then the high is 5 and the method we can look for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that find 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 increase to the high of one if our cost action boils down through