With low exchange fees. Cointracker Okx … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or saving features, it likewise provides extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can produce an account that gives 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. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note 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 big holding in the OKB currency may qualify for discount rates.
One huge downside of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction information before continuing. If you inadvertently send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t generally face with standard banking platforms. The best practices for keeping your financial accounts safe and secure are similar. These include using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many customer possessions. It also has deals 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 anybody beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted 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 revenue at this level what we want to do is discover the distinction in between these values and that’s going to give us.057 then we’re going to take the dollar amount danger 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 Cointracker Okx
difference between the stop and the entry alright which’s going to give us the quantity of tokens that we need to purchase in order to run the risk of just ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have actually that set dollar quantity alright so that suggests that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the amount of coins and multiply it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter this position when we’re utilizing utilize the only thing it’s altering is how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have ten thousand dollars to use alright since if we just had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account which makes it impossible okay so let’s go over to buy bit here let’s state we wish 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 enjoy what happens when we open up our utilize alright 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 risking that ten dollars you are safe and you’re doing the ideal thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage capability is changing absolutely nothing about the risk profile on the trade alright if you intend on trading anyways use the referral Link in the description alright every week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re selecting 3 winners a week fine we’re attempting to give the charges 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 reveal the winners okay prior to we hop into the trading system that you can use to begin taking these trades I want to review the rules that I would recommend utilizing when growing a little account all right so the very first guideline is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 approximately 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there up until we scale our account up a bit bigger the 3rd thing and this is extremely important is everyone has a psychological threshold when it concerns how much cash they’re comfortable running the risk of if I’m looking 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 says you’re going to begin feeling a little bit emotional about the trades which’s something that you actually wish to prevent up until you come comfy doing that all right so say you work your method approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can stroll that back down to fifty dollars per trade pick that fixed amount when you wish to preserve your capital and simply select a goal daily on
the cash that you wish to make when you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to 5 thousand dollars per week so I’m using you learn 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 3 to 5 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 have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay however what I want to do is find a location where I have a newly established uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
very first pullback is two largest waves approximately 3 pullback is 4 and after that the high is five and the way we can look 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 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 go up to the high of one if our cost action comes down through