With low exchange charges. Okx Python … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. It also provides remarkably high yields in many cases when participating in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
You can create an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, making 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough 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 rates tiers that vary 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 large holding in the OKB currency might qualify for discount rates. Futures, swaps, and choices have their own rate schedules with differing fees.
One big drawback of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, covert expense details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal details prior to proceeding. If you inadvertently send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security concerns you do not usually face with traditional banking platforms. The best practices for keeping your financial accounts safe are comparable. These include utilizing strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for many customer properties. It also has offers extra features 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. If you’ve ever registered for another cryptocurrency exchange or stock market 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 selling our position which we want to take profit at this level what we want to do is find the distinction between these values and that’s going to give us.057 then we’re going to take the dollar quantity risk we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Python
distinction between the stop and the entry okay which’s going to provide us the amount of tokens that we require to buy in order to risk just 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our danger benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar quantity fine so that indicates that in order to find the capital requirement or the amount of money that we need for this trade we need to take the quantity 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 which’s going to provide us 587 dollars then we require to be able to get into this position when we’re utilizing take advantage of the only thing it’s changing is how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have ten thousand dollars to utilize alright because if we just had a hundred dollar account fine 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 wish 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 view what happens when we open up our take advantage of all right and you’re gon na get this caution that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is altering nothing about the threat profile on the trade alright if you intend on trading anyways use the recommendation Link in the description alright each week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars per week we’re selecting 3 winners a week okay we’re trying to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link 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 go over the rules that I would recommend using when growing a little account all right so the first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 up to 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there until we scale our account up a bit bigger the third thing and this is super important is everyone has a mental threshold when it comes to how much money they’re comfortable running the risk of if I’m taking a look 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 states you’re going to begin feeling a bit psychological about the trades and that’s something that you really wish to prevent till you come comfortable doing that alright so say you work your way as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that pull back to fifty dollars per trade choice that repaired quantity when you wish to protect your capital and just choose a goal daily on
the cash that you want to make once you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to five thousand dollars per week so I’m using you learn about 2.5 percent of my entire 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 move up to a thousand try to make 3 to five thousand per trade and attempt to double my income okay so let’s get 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 reveal you among the setups that I had on xrp when I was actually in Dubai okay but what I want to do is discover a location where I have a newly developed uptrend first thing that I wish to do is identify my wave count okay so if this is our beginning
first pullback is 2 largest waves up to 3 pullback is four and after that the high is five and the method we can search for the top of five is by utilizing 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 element 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