With low exchange costs. Okx Promotions … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. It also uses remarkably high yields in some cases when taking part in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
If you remain in an area that deals with OKX, you can produce an account that provides you access to trade 343 area currencies.
also supports margin borrowing, making 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing 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 big holding in the OKB currency might get approved for discount rates. Swaps, futures, and options have their own rate schedules with varying costs.
One huge drawback of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, covert cost information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction details before proceeding. You likely will not recover any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not normally face with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts safe and secure are comparable. These include using 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 many client possessions. It likewise has offers additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
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 offering our position which we want to take revenue at this level what we wish to do is find the difference in between these values and that’s going to offer us.057 then we’re going to take the dollar amount threat we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Promotions
difference in between the entry and the stop alright which’s going to offer us the amount of tokens that we need to purchase in order to run the risk of just ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat benefit and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar amount alright so that indicates that in order to discover the capital requirement or the quantity of cash that we require for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here alright 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 this position when we’re using leverage the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have 10 thousand dollars to use okay since if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account which makes it difficult okay so let’s go over to purchase bit here let’s say 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 enjoy what occurs when we open our utilize okay 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 risking that 10 dollars you are safe and you’re doing the right thing all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account alright so this leverage capability is altering absolutely nothing about the danger profile on the trade all right if you plan on trading anyways use the referral Link in the description alright every week we do a free gift where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars weekly we’re selecting 3 winners a week fine we’re attempting to give the costs that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us connect is below you can have a look at our Discord where we reveal the winners alright before we hop into the trading system that you can utilize to begin taking these trades I wish to review the guidelines that I would suggest using when growing a little account fine so the first rule is begin with the dollar amount danger 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 as much as 200 alright you wish 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 utilize that there till we scale our account up a bit larger the third thing and this is extremely crucial is everyone has a mental threshold when it pertains to how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to begin feeling a bit emotional about the trades and that’s something that you really wish to prevent up until you come comfortable doing that okay so state you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can walk that pull back to fifty dollars per trade choice that fixed quantity once you want to maintain your capital and just pick 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 three to 5 thousand dollars weekly so I’m utilizing 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 3 to 5 thousand per trade and attempt to double my earnings all right so let’s enter 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 show you among the setups that I had on xrp when I was in fact in Dubai okay however what I wish to do is find an area where I have actually a newly established uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
first pullback is 2 biggest waves approximately 3 pullback is four and after that the high is 5 and the method we can try to find the top of 5 is by using 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 after that discover my aspect 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 price action comes down through