With low exchange charges. Okx Liquidation Fee … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When participating in staking or saving functions, it also offers incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces all over the world. 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 nations. They don’t take users from the United States due to regulative and compliance concerns.
You can produce 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. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discounts.
One big downside of is that it does not disclose costs for deposits and withdrawals. While much of is transparent, covert expense details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check deal details prior to proceeding. You likely will not recuperate any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you don’t generally face with standard banking platforms. The best practices for keeping your financial accounts protected are similar. These include using 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 freezer for a lot of customer assets. It also has deals additional features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 wish to take earnings at this level what we want to do is find the difference in between these worths which’s going to provide us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Liquidation Fee
distinction between the stop and the entry all right which’s going to give us the amount of tokens that we require to buy in order to risk just ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar amount fine so that indicates that in order to discover the capital requirement or the amount 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 okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we require to be able to get into this position when we’re using leverage 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 utilize that implies now I have ten thousand dollars to use alright because if we only had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account which makes it impossible fine so let’s visit purchase bit here let’s state we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open up our take advantage of okay and you’re gon na get this caution that the liquidation is high all right 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 ideal thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this utilize ability is altering nothing about the threat profile on the trade all right if you intend on trading anyways use the referral Link in the description okay weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars weekly we’re picking 3 winners a week all right we’re attempting to provide the costs that we’re collecting from the affiliate program back into the community for you guys trading with us link is 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 utilize to start taking these trades I wish to go over the rules that I would recommend utilizing when growing a small account all right so the very first guideline is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 approximately 200 alright 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 utilize that there up until we scale our account up a little bit larger the third thing and this is super important is everyone has a psychological threshold when it pertains to just how much cash they’re comfortable risking if I’m looking 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 little bit emotional about the trades which’s something that you actually wish to prevent up until you come comfortable doing that alright so say you work your way up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that pull back to fifty dollars per trade choice that fixed amount as soon as you want to maintain your capital and just select a goal daily on
the money that you want to make as soon as you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to 5 thousand dollars each week so I’m utilizing you learn 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 understand a couple years from now go up to a thousand shot to make three to 5 thousand per trade and try to double my earnings fine so let’s enter the bread and butter of the actual 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 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 an area where I have actually a newly developed 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 largest waves approximately 3 pullback is four and then the high is five and the method we can look for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and then find my aspect 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 price action comes down through