With low exchange charges. Okx Affiliate Link … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It likewise uses remarkably high yields in some cases when participating in staking or saving functions.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
You can produce an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
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. might work as an exchange you utilize 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 inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might certify for discounts.
One huge disadvantage of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, covert expense details 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 deal details before continuing. If you accidentally send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not generally confront with standard banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many consumer possessions. It also has offers 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 anyone beyond the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 offering our position which we wish to take revenue at this level what we wish to do is discover the distinction in between these worths which’s going to offer us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Affiliate Link
difference between the stop and the entry alright which’s going to provide us the amount of tokens that we require to buy in order to risk just ten dollars okay if we’re just going in with 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 make certain that you’re not doing that you require to have actually that set dollar quantity alright so that indicates that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the amount of coins and increase it by the entry cost which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter this position when we’re using utilize the only thing it’s altering is just 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 suggests now I have 10 thousand dollars to use all right because if we only had a hundred dollar account alright this 587 is already 5x the size of our money worth of our account that makes it difficult all right so let’s go over to purchase bit here let’s say we wish to take this ape trade here all right 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 our utilize alright and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is altering absolutely nothing about the risk profile on the trade fine if you intend on trading anyways use the recommendation Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars each week we’re choosing three winners a week fine we’re trying to offer the charges that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can take a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I want to discuss the rules that I would advise utilizing when growing a small account okay so the first guideline is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger fine each time you double the account so when you go to 100 as much as 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there until we scale our account up a little bit bigger the 3rd thing and this is super crucial is everybody has a psychological threshold when it concerns 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 trades in a row I don’t care who you are or what the math states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly wish to avoid until you come comfy doing that fine so say you work your method up to 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 fine you can walk that pull back to fifty dollars per trade pick that fixed quantity once you wish to preserve your capital and just select an objective each day 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 three that 3 to 5 thousand dollars weekly 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 then I’ll increase it you know a couple years from now move up to a thousand shot to make three to 5 thousand per trade and try to double my earnings okay so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the markets 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 really in Dubai fine however what I wish to do is discover a location where I have actually a newly established uptrend first thing that I wish to do is determine my wave count okay so if this is our beginning
first pullback is two biggest waves as much as 3 pullback is 4 and after that the high is 5 and the way we can search for the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover my aspect 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 go up to the high of one if our cost action comes down through