With low exchange fees. Okx Charges … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When getting involved in staking or conserving functions, it also uses extremely high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 regulatory and compliance concerns.
You can develop an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ based on trade volume and account holdings. 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 get approved for discounts. Futures, swaps, and options have their own rate schedules with differing costs.
One huge disadvantage of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, surprise expense details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check deal information prior to continuing. If you mistakenly send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security issues you do not generally face with standard banking platforms. The best practices for keeping your monetary accounts safe are similar. These include 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 many customer possessions. It likewise has deals extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we wish to take profit at this level what we want to do is find the distinction between these worths which’s going to offer us.057 then we’re going to take the dollar amount risk we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Charges
distinction between the stop and the entry all right and that’s going to provide us the amount of tokens that we require to buy in order to risk only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat benefit and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount fine so that suggests that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and multiply it by the entry rate 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 offer us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s altering is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have 10 thousand dollars to use alright because if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account which makes it impossible fine so let’s visit purchase bit here let’s say we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open up our take advantage of okay and you’re gon na get this warning that the liquidation is high all right 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 ideal thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is changing absolutely nothing about the risk profile on the trade okay if you plan on trading anyways use the recommendation Link in the description fine each week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re selecting three winners a week fine we’re attempting to offer the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can take a look at our Discord where we reveal the winners fine before 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 fine so the very first rule is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger fine each time you double the account so when you go to 100 approximately 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit bigger the third thing and this is incredibly crucial is everybody has a psychological limit when it concerns just how much cash they’re comfortable running the risk of 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 math says you’re going to start feeling a little bit emotional about the trades which’s something that you actually wish to avoid until you come comfortable doing that alright so state you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that repaired amount once you wish to maintain your capital and simply select an objective daily on
the money that you want to make once you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to five thousand dollars each week so I’m using you learn 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 understand a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and try to double my income okay so let’s enter 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 in fact in Dubai all right however what I want to do is discover an area where I have a newly established uptrend first thing that I want to do is identify my wave count alright so if this is our start
very first pullback is 2 biggest waves approximately three pullback is 4 and after that the high is five and the way we can look for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and after that 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 price action boils down through