With low exchange fees. Okx Singapore … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It likewise offers remarkably high yields in many cases when taking part in staking or conserving 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 nations. They don’t take users from the United States due to regulative and compliance issues.
If you remain in an area that deals with OKX, you can produce 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 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to list them all in our OKX review. There are 343 currencies on the exchange total.
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 discount rates.
One huge drawback of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. You likely will not recover any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t normally face with traditional banking platforms. The finest practices for keeping your financial accounts secure are similar. These consist of utilizing strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most customer properties. It also has deals 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 anyone beyond the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 selling our position and that we wish to take revenue at this level what we wish to do is find the distinction in between these worths which’s going to give us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Singapore
distinction in between the entry and the stop alright and that’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of just 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk reward and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have that set dollar amount okay so that suggests that in order to discover the capital requirement or the quantity of money that we need for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’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 how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have 10 thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult fine so let’s visit buy bit here let’s say we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open our leverage 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 risking that ten dollars you are safe and you’re doing the ideal thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of capability is changing absolutely nothing about the danger profile on the trade fine if you intend on trading anyways use the recommendation Link in the description fine weekly we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars weekly we’re picking 3 winners a week alright we’re trying to give the charges that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is listed below you can check out our Discord where we reveal the winners okay prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would recommend using when growing a small account fine so the very first guideline is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger all right each time you double the account so when you go to 100 approximately 200 alright 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 up until we scale our account up a little bit bigger the 3rd thing and this is extremely important is everybody has a psychological limit when it pertains to how much cash they’re comfortable running the risk of if I’m taking a look 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 states you’re going to start feeling a little bit emotional about the trades and that’s something that you truly want to avoid until you come comfortable doing that all right so state you work your way up to 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 okay you can walk that pull back to fifty dollars per trade pick that fixed amount once you want to preserve your capital and just select an objective each day on
the cash 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 five thousand dollars per week 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 go up to a thousand shot to make three to 5 thousand per trade and attempt to double my income fine so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai all right but what I wish to do is find a location where I have actually a recently established uptrend first thing that I wish to do is identify my wave count alright so if this is our start
first pullback is two largest waves up to three pullback is four and then the high is five and the method 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 worth I’m gon na click here click back here and after that discover my factor of one and you can see the rate 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 cost action comes down through