With low exchange fees. Okx Blockdream Ventures … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It also offers remarkably high yields sometimes when taking part in staking or conserving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can produce an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may qualify for discount rates.
One big disadvantage of is that it does not disclose 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 prior to continuing. You likely will not recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t usually face with traditional banking platforms. The finest practices for keeping your monetary accounts secure are comparable. These consist of utilizing strong passwords unique to every website 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 the majority of client possessions. It also has deals extra functions like the capability 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’ve 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 offering our position which we want to take earnings at this level what we want to do is find the difference between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity 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 Okx Blockdream Ventures
difference in between the stop and the entry all right and that’s going to give us the amount of tokens that we require to purchase in order to run the risk of only ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to call in our danger reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar amount all right so that means that in order to discover the capital requirement or the quantity of cash that we need for this trade we have 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 which’s going to offer us 587 dollars then we need to be able to enter into this position when we’re utilizing utilize the only thing it’s altering is how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have 10 thousand dollars to use all right because if we only had a hundred dollar account all right this 587 is currently 5x the size of our money value of our account that makes it impossible all right so let’s go over to buy bit here let’s say we wish to take this ape trade here fine 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 leverage alright and you’re gon na get this warning that the liquidation is high fine 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 all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this utilize ability is changing nothing about the danger profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description fine each week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re selecting 3 winners a week all right we’re attempting to give the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can have a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can utilize to start taking these trades I want to go over the guidelines that I would recommend using when growing a small account fine so the first rule is start with the dollar amount 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 up to 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there till we scale our account up a bit bigger the third thing and this is very crucial is everyone has a psychological threshold when it comes to just how much money they’re comfortable risking if I’m looking 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 which’s something that you really want to avoid until you come comfortable doing that all right so state you work your way 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 too much for you okay you can walk that pull back to fifty dollars per trade pick that fixed amount as soon as you wish to protect your capital and just select an objective per day on
the cash that you wish to make once you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that three to 5 thousand dollars each week so I’m using you know 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 shot to make three to 5 thousand per trade and attempt to double my earnings okay so let’s get into the support of the actual 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 one of the setups that I had on xrp when I was really in Dubai alright however what I wish to do is find a location where I have actually a freshly established uptrend first thing that I want to do is determine my wave count fine so if this is our start
very first pullback is 2 biggest waves approximately three pullback is four and then the high is five and the method we can search for the top of 5 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 factor 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 increase to the high of one if our price action comes down through