With low exchange charges. Okx Free $10 … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When participating in staking or conserving functions, it also uses extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet 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 regulatory and compliance concerns.
You can create an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 not enough 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 different pricing tiers that vary 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 may receive discounts. Choices, swaps, and futures have their own rate schedules with varying charges.
One big downside of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check transaction details before proceeding. If you accidentally send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you do not typically confront with standard banking platforms. The finest practices for keeping your monetary accounts safe and secure are comparable. These consist of using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for the majority of consumer possessions. It also has offers additional features like the capability to set up 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 registered for another cryptocurrency exchange or stock market 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 selling our position and that we wish to take profit at this level what we want 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 amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Free $10
distinction between the entry and the stop okay which’s going to give us the amount of tokens that we need to buy in order to run the risk of only 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our risk benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar amount fine 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 price which is this level here alright 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 require to be able to get into this position when we’re utilizing utilize the only thing it’s changing is just how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that indicates now I have ten thousand dollars to utilize all right due to the fact that if we just 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 alright so let’s go over to buy bit here let’s say we wish to take this ape trade here alright we require 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 okay and you’re gon na get this caution that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is altering absolutely nothing about the danger profile on the trade okay if you intend on trading anyways use the recommendation Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars each week we’re selecting 3 winners a week fine we’re trying to give the fees that we’re gathering 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 alright before we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would advise utilizing when growing a small account okay so the first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger alright each time you double the account so when you go to 100 up to 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there up until we scale our account up a little bit larger the 3rd thing and this is incredibly essential is everyone has a mental limit when it comes to how much money they’re comfortable running the risk of if I’m looking 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 prevent up until you come comfy doing that okay so say you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can walk that back down to fifty dollars per trade pick that fixed amount as soon as you want to preserve your capital and simply select an objective each day on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to 5 thousand dollars per week so I’m using you understand 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 try to make three to 5 thousand per trade and attempt to double my earnings fine so let’s enter 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 wish to do is find a location where I have a newly established uptrend first thing that I wish to do is identify my wave count all right so if this is our start
very first pullback is 2 biggest waves up to three pullback is 4 and then the high is 5 and the way we can try to find 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 then discover my factor 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 cost action boils down through