With low exchange costs. Okx Bitgert … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When taking part in staking or conserving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares 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 offers you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX review. 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 big holding in the OKB currency may certify for discount rates.
One huge disadvantage of is that it does not disclose costs for deposits and withdrawals. While much of is transparent, hidden cost details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction details before continuing. If you accidentally send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you don’t typically confront with standard banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe are similar. These include using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many customer properties. It also has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find 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 offering our position which we want to take profit at this level what we wish to do is discover the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Bitgert
difference in between the stop and the entry alright and that’s going to provide us the quantity of tokens that we need to buy in order to run the risk of just 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to call in our threat benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar amount fine so that implies that in order to discover 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 cost which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have ten thousand dollars to use alright because if we just had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account which makes it impossible okay so let’s visit 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 view what happens when we open up our take advantage of alright and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this utilize ability is altering nothing about the threat profile on the trade okay if you intend on trading anyways use the recommendation Link in the description alright each week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars weekly we’re selecting three winners a week alright we’re trying to give the fees that we’re gathering from the affiliate program back into the community for you people trading with us link is listed below you can take a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would recommend using when growing a small account all right so the very first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 as much as 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there till we scale our account up a bit larger the 3rd thing and this is very essential is everybody has a psychological threshold when it comes to just how much cash they’re comfortable running the risk of 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 start feeling a little bit psychological about the trades and that’s something that you actually want to prevent up until you come comfortable doing that all right so state you work your way as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that pull back to fifty dollars per trade pick that fixed quantity when you wish to maintain your capital and just choose an objective per day on
the money that you wish to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five thousand dollars each 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 move up to a thousand shot to make 3 to five thousand per trade and try to double my earnings okay so let’s enter 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 show you among the setups that I had on xrp when I was actually in Dubai all right however what I want to do is discover a location where I have actually a recently developed uptrend first thing that I want to do is determine my wave count all right so if this is our start
very 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 look for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and then discover my element of one and you can see the price 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 rate action comes down through