With low exchange fees. Okx Shirt … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It also provides exceptionally high yields sometimes when taking part in staking or conserving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. 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 regulatory and compliance issues.
You can create an account that gives you access to trade 343 area 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 products, such as mining 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 insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 qualify for discounts.
One big disadvantage of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, covert cost information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information before continuing. You likely will not recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you do not generally confront with traditional banking platforms. However, the best practices for keeping your financial accounts protected are similar. These include utilizing strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of customer properties. It also has deals 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 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 purchase 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 wish to take revenue at this level what we want to do is find the difference between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Shirt
difference in between the entry and the stop okay and that’s going to provide us the quantity of tokens that we need to buy in order to run the risk of 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 dial in our danger reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount fine so that indicates that in order to discover the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and increase it by the entry cost which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s altering is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have 10 thousand dollars to utilize alright since if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account which makes it difficult fine so let’s go over to buy bit here let’s state we wish to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open our utilize all right 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 ten dollars you are safe and you’re doing the right thing fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this leverage ability is changing absolutely nothing about the threat profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description okay every week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars weekly we’re picking 3 winners a week all right we’re trying to offer the fees that we’re gathering from the affiliate program back into the community for you guys trading with us link is below you can check out our Discord where we announce the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I want to review the guidelines that I would suggest utilizing when growing a small account fine so the very first rule is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger okay each time you double the account so when you go to 100 as much as 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there up until we scale our account up a bit bigger the 3rd thing and this is very important is everyone has a psychological threshold when it pertains 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 3 trades in a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit psychological about the trades which’s something that you actually wish to avoid up until you come comfy doing that alright so say you work your way up to 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 alright you can walk that pull back to fifty dollars per trade choice that repaired amount as soon as you want to preserve your capital and just select an objective daily on
the money that you wish to make once you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to 5 thousand dollars weekly so I’m using you understand 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 three to five thousand per trade and try to double my income fine 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 definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai okay however what I want to do is discover a location where I have actually a newly established uptrend first thing that I want to do is identify my wave count fine so if this is our beginning
first pullback is two largest waves approximately three pullback is four and after that the high is 5 and the way we can look for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then find 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 go up to the high of one if our rate action boils down through