With low exchange costs. Okx Log In … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It likewise uses extremely high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
You can create an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining 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 not enough space to note them all in our OKX review. There are 343 currencies on the exchange overall.
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 discount rates.
One huge drawback of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, concealed expense information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction information before continuing. You likely will not recover any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you do not normally confront with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts secure are similar. These include using strong passwords special 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 cold storage for a lot of customer possessions. It also 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 simple for anyone beyond the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 selling our position which we want to take revenue at this level what we want to do is find the distinction between these values which’s going to give us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Log In
distinction in between the entry and the stop all right and that’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar quantity okay so that suggests that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and increase it by the entry rate which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we need to be able to enter this position when we’re utilizing leverage the only thing it’s altering is 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 implies now I have 10 thousand dollars to utilize all right since if we just had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account that makes it difficult okay so let’s go over to buy bit here let’s say we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open our utilize fine and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the right thing alright so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this leverage ability is altering nothing about the danger profile on the trade okay if you plan on trading anyways utilize the recommendation Link in the description fine every week we do a free gift where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars weekly we’re selecting three winners a week okay we’re attempting to give the fees that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed below you can have a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can use to start taking these trades I want to discuss the guidelines that I would suggest utilizing when growing a little account fine so the very first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 all right you want 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 until we scale our account up a little bit larger the third thing and this is extremely crucial is everybody has a psychological limit when it pertains to how much money they’re comfortable running the risk of 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 math says you’re going to start feeling a little bit emotional about the trades which’s something that you truly want to avoid till you come comfy doing that fine so say you work your method as much as 200 to 500 to a thousand fine 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 quantity when you want to maintain your capital and simply choose a goal per day on
the money that you want to make once you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 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 understand a couple years from now move up to a thousand shot to make three to five thousand per trade and attempt to double my income okay so let’s enter into the bread and butter of the actual 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 one of the setups that I had on xrp when I was really in Dubai alright but what I wish to do is find an area where I have actually a recently developed uptrend first thing that I want to do is recognize my wave count fine so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is 4 and after that the high is 5 and the method we can try to find the top of five 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 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 go up to the high of one if our price action boils down through