With low exchange fees. Okx Safe … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or saving features, it also provides exceptionally high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares 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 works with OKX, you can create an account that gives you access to trade 343 area currencies.
likewise supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you use 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 space 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 different pricing tiers that vary 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 discounts. Swaps, alternatives, and futures have their own rate schedules with differing costs.
One huge downside of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, surprise expense details are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details before proceeding. You likely will not recuperate any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t generally confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords unique to every website and app together 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 likewise has offers additional features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 profit at this level what we wish to do is find the difference between these worths and that’s going to give us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Safe
difference between the stop and the entry okay and that’s going to provide us the amount of tokens that we need to purchase in order to run the risk of just 10 dollars all right 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 risk benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar quantity all right so that suggests that in order to discover the capital requirement or the amount of money that we need for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 which’s going to give us 587 dollars then we require to be able to enter this position when we’re utilizing utilize the only thing it’s altering is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have 10 thousand dollars to use alright due to the fact that if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account which makes it impossible 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 watch what happens when we open up our leverage alright and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is altering nothing about the risk profile on the trade alright if you plan on trading anyways use the recommendation Link in the description all right each week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars each week we’re picking three winners a week all right we’re trying to provide the costs that we’re collecting 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 fine prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would suggest using when growing a little account all right so the very first rule is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 as much as 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up until we scale our account up a little bit bigger the third thing and this is extremely crucial is everybody has a psychological limit when it pertains to just 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 math states you’re going to begin feeling a bit psychological about the trades which’s something that you truly want to avoid till you come comfy doing that alright so say you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can walk that pull back to fifty dollars per trade choice that repaired amount as soon as you wish to protect your capital and just pick an objective each day on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your income objectives so for me personally you understand I like to make three that 3 to five 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 then I’ll increase it you understand a couple years from now move up to a thousand shot to make three to five thousand per trade and try to double my income all right so let’s enter into the bread and butter of the real trading this is a system that I’ve 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 really in Dubai alright but what I wish to do is discover an area where I have a recently developed uptrend first thing that I want to do is recognize my wave count okay so if this is our beginning
very first pullback is 2 largest waves as much as three pullback is 4 and after that the high is 5 and the method we can try to find the top of five is by utilizing 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 after that 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 increase to the high of one if our price action comes down through