With low exchange costs. Okx Fee … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It likewise uses exceptionally high yields in many cases when participating in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
1
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 create an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
1
also supports margin loaning, making 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
2
Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
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 qualify for discounts.
One huge disadvantage of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, surprise cost details are a warning that might send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. If you accidentally send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you don’t typically confront with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe and secure are similar. 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 many client possessions. It also has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple 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.
wished 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 want to take revenue at this level what we wish to do is discover the difference in between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Fee
distinction between the entry and the stop okay and that’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our threat 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 quantity fine so that indicates that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and multiply it by the entry cost which is this level here all right 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 get into this position when we’re utilizing take advantage of the only thing it’s changing is just 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 alright due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account which makes it difficult alright so let’s go over to buy bit here let’s state 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 watch what happens when we open our utilize okay and you’re gon na get this caution that the liquidation is high okay 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 okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of capability is changing nothing about the danger profile on the trade fine if you intend on trading anyways use the recommendation Link in the description okay every week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re choosing three winners a week okay we’re attempting to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is listed below you can check out our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the guidelines that I would suggest using when growing a small account all right so the very first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 as much as 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there up until we scale our account up a bit bigger the third thing and this is super essential is everyone has a psychological threshold when it concerns just how much money they’re comfortable running the risk of 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 mathematics states you’re going to begin feeling a bit psychological about the trades which’s something that you really want to avoid up until you come comfortable doing that okay so say you work your way up to 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that fixed quantity when you wish to preserve your capital and just select a goal per day on
the cash that you wish to make once you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 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 three to five thousand per trade and attempt to double my income okay so let’s get into the bread and butter 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 reveal you one of the setups that I had on xrp when I was actually in Dubai fine however what I want to do is discover a location where I have a recently established 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 largest waves up to three pullback is 4 and after that the high is 5 and the method we can try to find the top of five is by using a Fibonacci forecast 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 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 price action boils down through