With low exchange fees. Okx Mac App … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving features, it also provides exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you’re in an area that deals with OKX, you can produce an account that offers you access to trade 343 area currencies.
also 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 utilize 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 inadequate room to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based upon 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. Swaps, futures, and choices have their own rate schedules with differing fees.
One big downside of is that it does not divulge 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 fee schedules.
Cryptocurrency transactions are generally 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 mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t generally confront with conventional banking platforms. Nevertheless, the best practices for keeping your monetary 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 cold storage for a lot of client possessions. It likewise has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody 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 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 offering our position which we want to take earnings at this level what we want to do is discover the difference between these values 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 10 dollars and we’re going to divide it by the Okx Mac App
difference in between the entry and the stop alright 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 danger reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have that set dollar amount okay so that suggests that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to get into this position when we’re using take advantage of 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 take advantage of that implies now I have ten thousand dollars to use fine because if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account that makes it impossible fine 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 see what takes place when we open our take advantage of all right 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 ten dollars you are safe and you’re doing the best thing alright so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is altering nothing about the danger profile on the trade okay if you intend on trading anyways use the referral Link in the description fine weekly we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re selecting three winners a week fine we’re attempting to offer the costs that we’re collecting 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 okay prior to we hop into the trading system that you can utilize to begin taking these trades I want to discuss the guidelines that I would suggest utilizing when growing a little account okay so the first rule is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage 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 approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a little bit larger the third thing and this is extremely crucial is everyone has a mental threshold when it comes to how much money they’re comfortable risking if I’m looking 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 math says you’re going to start feeling a little bit emotional about the trades which’s something that you actually wish to prevent till you come comfy doing that all right so state you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that back down to fifty dollars per trade choice that fixed amount when you want to preserve your capital and just select an objective daily on
the cash that you want to make as soon as you get up to a comfortable limit where it’s fitting your income objectives so for me personally you understand I like to make three that three to 5 thousand dollars per week so I’m using you understand about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you understand a couple years from now go up to a thousand shot to make three to five thousand per trade and try to double my income alright so let’s get into the support 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 absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai alright however what I wish to do is find a location where I have a freshly developed uptrend first thing that I wish to do is identify my wave count alright so if this is our start
very first pullback is two largest waves up to 3 pullback is 4 and then the high is five and the method we can look for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link 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 cost action boils down through