With low exchange fees. Okx Rank … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When participating in staking or saving features, it likewise uses extremely high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site claims 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 produce an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
also 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 use 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 not enough space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might certify for discount rates.
One big drawback of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, surprise expense information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction information before continuing. If you accidentally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you do not typically confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts secure are similar. These include using strong passwords special 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 freezer for the majority of consumer properties. It likewise has deals additional functions 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. If you have actually ever signed up for another cryptocurrency exchange or stock market 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 selling our position which we want to take earnings at this level what we wish to do is find the difference between these worths and that’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 ten dollars and we’re going to divide it by the Okx Rank
difference between the entry and the stop okay and that’s going to offer us the amount of tokens that we require to purchase in order to run the risk of only 10 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 reward 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 find the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and multiply it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re utilizing leverage the only thing it’s changing is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that indicates now I have ten thousand dollars to use all right because if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account which makes it difficult fine so let’s go over to buy bit here let’s say 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 utilize alright and you’re gon na get this caution that the liquidation is high all right 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 fine so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of ability is altering nothing about the threat profile on the trade fine if you plan on trading anyways use the referral Link in the description fine every week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars weekly we’re picking three winners a week fine 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 link is listed below you can have 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 go over the rules that I would recommend using when growing a small account alright so the very first guideline is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 as much as 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there up until we scale our account up a little bit larger the third thing and this is extremely important is everyone has a mental limit when it comes to just how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math states you’re going to start feeling a bit psychological about the trades which’s something that you actually wish to avoid until you come comfortable doing that alright so state you work your way as much as 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 too much for you okay you can walk that back down to fifty dollars per trade pick that repaired quantity once you want to protect your capital and simply pick a goal per day on
the cash that you wish to make once you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make three that 3 to 5 thousand dollars per 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 then I’ll increase it you understand a couple years from now go up to a thousand try to make three to five thousand per trade and try to double my income alright so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have definitely 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 okay however what I wish to do is discover a location where I have a newly established uptrend first thing that I wish to do is identify my wave count fine so if this is our start
very first pullback is 2 biggest waves up to 3 pullback is four and then the high is 5 and the method we can look for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one worth 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 go up to the high of one if our price action comes down through