With low exchange fees. Okx Learn … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When taking part in staking or conserving features, it likewise provides incredibly high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
If you’re in an area that works with OKX, you can produce an account that provides you access to trade 343 spot currencies.
likewise 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 utilize 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 inadequate room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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 may get approved for discounts. Futures, swaps, and choices have their own rate schedules with differing charges.
One huge downside of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, surprise cost information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal information prior to continuing. You likely will not recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you do not typically confront with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts secure are comparable. These consist of utilizing strong passwords unique to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most client properties. It also has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of 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.
wanted to buy apecoin at this level put our stop loss down at this level significance that if we’re wrong and it continues moving down we’re selling our position which we wish to take profit at this level what we wish to do is discover the distinction between these values which’s going to offer us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Learn
distinction in between the stop and the entry fine which’s going to give us the quantity of tokens that we need to buy in order to run the risk of just ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have that set dollar quantity okay so that implies 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 cost which is this level here fine 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 need to be able to enter into this position when we’re utilizing take advantage of 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 leverage that means now I have 10 thousand dollars to utilize alright since if we just had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account that makes it difficult all right so let’s go over to purchase bit here let’s state 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 see what occurs when we open our utilize alright and you’re gon na get this warning that the liquidation is high okay 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 ideal thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this utilize ability is altering nothing about the threat profile on the trade all right if you intend on trading anyways use the recommendation Link in the description fine weekly we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars each week we’re picking 3 winners a week fine we’re trying to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we reveal the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to go over the guidelines that I would suggest using when growing a small account alright so the first guideline is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk all right each time you double the account so when you go to 100 approximately 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there until we scale our account up a bit larger the third thing and this is extremely important is everyone has a mental threshold when it concerns how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit psychological about the trades which’s something that you truly want to prevent until you come comfy doing that okay so say you work your method as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that pull back to fifty dollars per trade pick that fixed amount as soon as you want to protect your capital and simply select a goal per day on
the cash that you want to make once 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 5 thousand dollars weekly 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 know a couple years from now go up to a thousand shot to make three to five thousand per trade and attempt to double my earnings fine so let’s enter the support of the real trading this is a system that I have actually 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 really in Dubai alright however what I wish to do is discover a location where I have actually 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 biggest waves as much as 3 pullback is 4 and then the high is five and the way we can search for the top of five is by using a Fibonacci forecast 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 element 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 increase to the high of one if our cost action boils down through