With low exchange charges. Learn Okx … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It also offers incredibly high yields in many cases when taking part in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in an area that works with OKX, you can produce an account that gives you access to trade 343 area currencies.
likewise supports margin loaning, making 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 certify for discount rates.
One big downside of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal details before continuing. You likely will not recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally face with standard banking platforms. However, the very best practices for keeping your financial accounts safe are similar. These consist of using 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 cold storage for most client possessions. It also has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wished 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 revenue at this level what we wish to do is find the distinction in between these values and that’s going to offer us.057 then we’re going to take the dollar amount danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Learn Okx
distinction in between the stop and the entry okay which’s going to give us the quantity of tokens that we require to buy in order to risk only ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our threat benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have actually that set dollar amount alright so that indicates that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter this position when we’re utilizing take advantage of the only thing it’s altering 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 utilize that means now I have ten thousand dollars to use okay because 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 difficult okay so let’s visit purchase bit here let’s say we want 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 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 10 dollars you are safe and you’re doing the ideal thing fine so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is altering nothing about the risk profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description fine weekly we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars each week we’re choosing three winners a week alright we’re attempting to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is listed below you can take a look at our Discord where we announce the winners okay before we hop into the trading system that you can use to start taking these trades I want to discuss the rules that I would suggest using when growing a small account all right so the first guideline is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger all right each time you double the account so when you go to 100 as much as 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there till we scale our account up a little bit bigger the 3rd thing and this is super essential is everybody has a psychological limit when it comes to 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 start feeling a bit emotional about the trades which’s something that you actually wish to prevent until you come comfortable doing that fine so state you work your way approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that back down to fifty dollars per trade choice that repaired quantity as soon as you wish to protect your capital and simply select an objective daily on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make three that three to five thousand dollars each 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 know a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my income fine so let’s enter into the support of the actual trading this is a system that I have actually been trading the markets 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 actually in Dubai alright but what I want to do is discover a location where I have actually a recently developed uptrend first thing that I wish to do is identify my wave count okay so if this is our start
first pullback is 2 biggest waves as much as 3 pullback is 4 and after that the high is five and the way 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 on this link click back here and then 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 price action comes down through