With low exchange fees. Okx 日本 … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It also offers remarkably high yields in many cases when participating in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest 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 concerns.
If you’re in an area that deals with OKX, you can produce an account that provides you access to trade 343 spot currencies.
likewise supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 not enough room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that vary 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 large holding in the OKB currency may receive discount rates. Futures, choices, and swaps have their own rate schedules with varying fees.
One big disadvantage of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction details before proceeding. You likely won’t recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t normally face with traditional banking platforms. The finest practices for keeping your monetary accounts protected are comparable. These consist of using strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of client assets. 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 anyone outside of the United States. You will discover a familiar experience at OKX if you have actually 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 significance that if we’re wrong and it continues moving down we’re offering our position and that we want to take revenue at this level what we want to do is discover the distinction in between these worths which’s going to give us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx 日本
difference between the entry and the stop fine which’s going to provide us the quantity of tokens that we require to buy in order to risk only ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have that set dollar amount okay so that suggests that in order to find the capital requirement or the quantity of cash that we require for this trade we need to take the quantity 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 multiplied by 3.35 which’s going to give us 587 dollars then we require to be able to get into this position when we’re utilizing leverage 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 use a 100x utilize that implies now I have 10 thousand dollars to use alright since if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account that makes it difficult okay so let’s go over to buy bit here let’s state we wish 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 occurs when we open up our take advantage of alright and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing alright 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 utilize ability is altering absolutely nothing about the danger profile on the trade okay if you intend on trading anyways use the referral Link in the description okay each week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars weekly we’re selecting 3 winners a week fine we’re trying to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is 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 utilize to start taking these trades I wish to go over the guidelines that I would suggest utilizing when growing a small account alright so the very first rule is start with the dollar quantity danger per trade 10 of beginning 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 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there up until we scale our account up a little bit larger the 3rd 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 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit psychological about the trades which’s something that you truly want to prevent until you come comfy doing that all right so say you work your method up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that back down to fifty dollars per trade pick that repaired quantity as soon as you want to protect your capital and just pick a goal daily on
the money 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 3 that three to five 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 try to make three to 5 thousand per trade and try to double my earnings fine so let’s enter into the support of the real trading this is a system that I have actually been trading the marketplaces 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 really in Dubai all right but what I wish to do is find a location where I have actually a freshly developed uptrend first thing that I wish to do is identify my wave count okay so if this is our beginning
very first pullback is two biggest waves up to three pullback is 4 and after that the high is five and the way we can search for the top of five is by utilizing 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 then find my element 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 rate action boils down through