With low exchange charges. Okx Futures Fees … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or saving functions, it likewise offers remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the globe. 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 issues.
You can create an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that differ based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might qualify for discounts. Swaps, futures, and alternatives have their own rate schedules with differing fees.
One big downside of is that it doesn’t divulge costs for withdrawals and deposits. While much of is transparent, covert expense details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction information before continuing. You likely won’t recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not normally face with conventional banking platforms. Nevertheless, the best practices for keeping your financial accounts safe and secure are comparable. These consist of utilizing strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for the majority of customer properties. It likewise has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you’ve ever signed up 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 offering our position and that we wish to take earnings at this level what we wish to do is discover the difference between these values and that’s going to offer us.057 then we’re going to take the dollar amount threat 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 Futures Fees
distinction in between the entry and the stop all right which’s going to provide us the amount of tokens that we require to purchase in order to run the risk of just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar quantity 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 quantity of coins and multiply it by the entry price which is this level here fine 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 using take advantage of the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to use fine due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account that makes it difficult fine so let’s go over to buy bit here let’s say we want 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 enjoy what occurs when we open our utilize okay and you’re gon na get this caution that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing all right so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage capability is altering nothing about the risk profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars weekly we’re picking three winners a week all right we’re attempting to give the costs that we’re gathering from the affiliate program back into the community for you people trading with us link is listed below you can have a look at our Discord where we announce the winners okay before we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would suggest using when growing a small account okay so the first guideline is begin with the dollar amount threat 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 up to 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there till we scale our account up a little bit larger the 3rd thing and this is extremely crucial is everyone has a mental threshold when it concerns how much money they’re comfortable risking if I’m taking a look 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 truly wish to avoid up until you come comfy doing that all right so state you work your method approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that pull back to fifty dollars per trade pick that fixed quantity once you wish to preserve your capital and simply pick an objective per day on
the money 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 understand I like to make three that 3 to 5 thousand dollars each week so I’m utilizing you learn about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt to double my income fine so let’s enter the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai okay however what I wish to do is discover a location where I have actually a newly 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 biggest waves as much as 3 pullback is 4 and then the high is 5 and the way we can look for the top of 5 is by using 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 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 comes down through