With low exchange fees. Okx Launchpad Review … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. It likewise provides exceptionally high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world 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 regulative and compliance issues.
You can develop an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, making 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient 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 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 get approved for discounts. Choices, swaps, and futures have their own rate schedules with varying fees.
One big downside of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. If you accidentally send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security issues you do not generally face with traditional banking platforms. The best practices for keeping your monetary accounts safe are similar. These consist of using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for many customer possessions. It likewise has offers additional functions 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 have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted 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 want to take revenue at this level what we wish to do is discover the difference in between these values and that’s going to offer us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Launchpad Review
difference between the entry and the stop alright which’s going to provide us the quantity of tokens that we require to buy in order to run the risk of only ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our danger reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount all right so that implies that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we need to be able to enter 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 10 thousand dollars to use alright because if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account which makes it difficult okay so let’s visit purchase bit here let’s say we wish 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 view what happens when we open up our leverage all right and you’re gon na get this caution that the liquidation is high alright 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 right thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is altering nothing about the danger profile on the trade alright if you plan on trading anyways use the recommendation Link in the description all right each week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars per week we’re choosing three winners a week alright we’re attempting to offer the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would recommend utilizing when growing a little account all right so the first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk fine 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 threshold get comfy with the dollar quantity and utilize that there till we scale our account up a little bit bigger the 3rd thing and this is extremely essential is everybody has a mental threshold when it comes to 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 sell a row I don’t care who you are or what the math states you’re going to begin feeling a little bit emotional about the trades and that’s something that you really wish to prevent up until you come comfy doing that okay so say you work your way approximately 200 to 500 to a thousand okay and then 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 choice that repaired quantity when you want to protect your capital and just choose a goal per day on
the cash that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to five thousand dollars per week so I’m utilizing 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 get into the bread and butter of the real trading this is a system that I’ve been trading the markets 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 actually in Dubai alright however what I want to do is discover an area where I have actually a recently developed uptrend first thing that I wish to do is determine my wave count fine so if this is our beginning
very first pullback is 2 largest 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 utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that find my aspect of one and you can see the cost 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 rate action comes down through