With low exchange costs. Okx Max Order Cost Exceeded … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving features, it likewise provides remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces worldwide. 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 regulative and compliance issues.
If you’re in an area that deals with OKX, you can produce an account that provides you access to trade 343 spot currencies.
Supports margin borrowing, making cryptocurrency through staking and 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 primary 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 overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ based upon 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 qualify for discount rates. Swaps, choices, and futures have their own rate schedules with differing charges.
One big disadvantage of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details before continuing. You likely won’t recuperate any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t generally face with conventional banking platforms. The finest practices for keeping your financial accounts safe and secure are similar. These consist of utilizing strong passwords special 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 a lot of customer properties. It also has offers extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wished 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 offering our position and that we want to take earnings at this level what we wish 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 threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Max Order Cost Exceeded
distinction between the stop and the entry all right and that’s going to provide us the quantity of tokens that we need to buy in order to risk just ten dollars all right if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our risk benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar quantity alright so that suggests that in order to find 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 rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we require to be able to enter into this position when we’re using leverage 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 means now I have 10 thousand dollars to use alright because if we only had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account that makes it impossible all right so let’s go over to purchase bit here let’s state we wish to take this ape trade here all right 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 our leverage alright and you’re gon na get this warning that the liquidation is high fine 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 alright so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is altering absolutely nothing about the danger profile on the trade fine if you plan on trading anyways use the recommendation Link in the description alright weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re picking 3 winners a week alright we’re attempting to offer the costs that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can take a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would advise utilizing when growing a little account fine so the first guideline is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 approximately 200 fine you want to move that as much as 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 3rd thing and this is extremely crucial is everybody has a psychological limit 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 3 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit psychological about the trades which’s something that you truly wish to prevent till you come comfortable doing that all right so state you work your way 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 back down to fifty dollars per trade choice that fixed amount once you wish to maintain your capital and simply choose an objective each day on
the money that you want to make when you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make 3 that three to five thousand dollars each week so I’m using you know about 2.5 percent of my whole 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 try to make 3 to five thousand per trade and try to double my earnings alright so let’s get into 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 absolutely 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 a freshly established uptrend first thing that I want to do is identify my wave count okay so if this is our start
very first pullback is 2 biggest waves as much as 3 pullback is 4 and then the high is 5 and the method we can search 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 here click back here and then discover 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 go up to the high of one if our cost action comes down through