With low exchange charges. Okx Interest Rates … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or conserving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares 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 develop an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 main 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 evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For spot 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 big disadvantage of is that it doesn’t disclose charges for withdrawals and deposits. While much of is transparent, hidden cost details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal information before proceeding. If you unintentionally send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security issues you do not usually face with traditional banking platforms. The finest practices for keeping your financial accounts safe are similar. These consist of utilizing strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many client possessions. It likewise has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy 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.
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 earnings at this level what we wish to do is discover the difference between these values which’s going to give us.057 then we’re going to take the dollar quantity threat we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Interest Rates
distinction in between the entry and the stop fine which’s going to provide us the quantity of tokens that we need to buy in order to run the risk of just 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger 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 find the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and increase it by the entry price which is this level here okay 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 require to be able to enter this position when we’re using 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 utilize a 100x utilize that suggests now I have 10 thousand dollars to use fine because if we just had a hundred dollar account alright this 587 is already 5x the size of our money 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 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 all right and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account alright so this utilize capability is altering absolutely nothing about the risk profile on the trade fine if you plan on trading anyways use the referral Link in the description all right every week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars each week we’re choosing three winners a week okay we’re attempting to provide the charges that we’re gathering from the affiliate program back into the community for you men trading with us link is listed below you can check out our Discord where we announce the winners okay before we hop into the trading system that you can utilize to begin taking these trades I wish to go over the guidelines that I would recommend utilizing when growing a small account all right so the very first rule is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 as much as 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there till we scale our account up a little bit larger the 3rd thing and this is super crucial is everyone has a mental threshold when it comes to just 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 mathematics states you’re going to begin feeling a bit psychological about the trades which’s something that you actually wish to avoid until you come comfortable doing that okay so state you work your way approximately 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can walk that pull back to fifty dollars per trade pick that fixed amount as soon as you want to maintain your capital and just pick a goal daily on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to five thousand dollars each 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 after that I’ll increase it you know a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings alright so let’s enter the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely 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 fine but what I wish to do is discover a location where I have a newly established uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is two biggest waves as much as three pullback is 4 and after that the high is 5 and the method we can search 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 then discover 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 increase to the high of one if our rate action boils down through