With low exchange charges. Katarzyna Kolec Okx … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It also provides incredibly high yields in many cases when participating in staking or conserving functions.
was founded in 2017 and preserves a head office in Seychelles, with extra 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 nations. They do not take users from the United States due to regulatory and compliance issues.
You can develop an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
also 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 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 inadequate space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might get approved for discount rates. Futures, options, and swaps have their own rate schedules with differing charges.
One big disadvantage of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, surprise expense details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal information prior to proceeding. You likely will not recover any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t normally confront with traditional banking platforms. Nevertheless, the very best practices for keeping your financial accounts secure are comparable. These consist of using strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for a lot of client assets. It also has deals additional functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple 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.
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 selling our position and that we want to take earnings 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 threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Katarzyna Kolec Okx
distinction in between the stop and the entry fine which’s going to provide us the amount of tokens that we need to buy in order to run the risk of just 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat 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 amount fine so that implies 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 rate 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 give us 587 dollars then we require to be able to enter this position when we’re using take advantage of the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have ten thousand dollars to use fine due to the fact that if we only had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account that makes it impossible alright so let’s go over to purchase bit here let’s state we want to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open our utilize alright and you’re gon na get this warning 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 ten dollars you are safe and you’re doing the ideal thing okay so now just thing that we require 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 threat profile on the trade alright if you plan on trading anyways use the referral Link in the description alright each week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars per week we’re picking three winners a week alright we’re attempting to provide the fees that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed below you can take a look at our Discord where we reveal the winners alright before we hop into the trading system that you can utilize to start taking these trades I want to discuss the guidelines that I would advise utilizing when growing a little account alright so the very first rule is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat okay each time you double the account so when you go to 100 approximately 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a little bit larger the 3rd thing and this is extremely important is everyone has a mental threshold when it concerns how much money 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 math says you’re going to begin feeling a bit psychological about the trades which’s something that you really wish to prevent up until you come comfy doing that fine so say you work your method approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that pull back to fifty dollars per trade pick that repaired amount once you wish to protect your capital and just select a goal per day on
the cash that you want to make when you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to 5 thousand dollars weekly 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 after that I’ll increase it you know a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings okay so let’s enter into the support of the real 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 actually in Dubai alright however what I want to do is find a location where I have actually a freshly established uptrend first thing that I want to do is identify my wave count fine so if this is our start
very first pullback is two biggest waves as much as 3 pullback is 4 and then the high is 5 and the method 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 value I’m gon na click on this link click back here and after that find my factor 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 increase to the high of one if our cost action comes down through