With low exchange costs. Okx Erfahrungen … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When participating in staking or conserving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
You can develop an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 inadequate space 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 various pricing tiers that differ based upon 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 may receive discount rates. Futures, choices, and swaps have their own rate schedules with varying charges.
One big downside of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, concealed cost details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal information before proceeding. You likely will not recuperate any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally confront with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts protected are comparable. These include using strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most client properties. It also has deals additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 selling our position and that we wish to take profit at this level what we wish to do is discover the difference in between these values which’s going to offer us.057 then we’re going to take the dollar quantity risk 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 Erfahrungen
distinction in between the stop and the entry alright which’s going to provide us the amount of tokens that we need to buy in order to risk just 10 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 dial in our threat benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount fine so that implies that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that indicates now I have ten thousand dollars to use alright due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account that makes it difficult alright so let’s visit purchase bit here let’s say we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open up our take advantage of fine 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 risking that ten dollars you are safe and you’re doing the right thing fine so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this utilize ability is changing absolutely nothing about the risk profile on the trade all right if you intend on trading anyways use the recommendation Link in the description okay every week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars weekly we’re picking three winners a week alright we’re trying to provide the fees that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed below you can take a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can use to start taking these trades I wish to review the rules that I would advise using when growing a little account fine so the first guideline is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 as much as 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there until we scale our account up a little bit bigger the 3rd thing and this is super important is everyone has a mental limit when it concerns 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 three sell a row I don’t care who you are or what the math states you’re going to begin feeling a bit emotional about the trades which’s something that you really want to avoid up until you come comfortable doing that alright so say you work your method as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can stroll that pull back to fifty dollars per trade pick that fixed quantity once you wish to protect your capital and just choose a goal daily on
the money that you want to make once you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 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 then I’ll increase it you understand a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings alright so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai fine but what I want to do is discover an area where I have a recently developed uptrend first thing that I want to do is recognize my wave count all right so if this is our start
very first pullback is 2 biggest waves as much as three 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 forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and then discover 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 go up to the high of one if our cost action comes down through