With low exchange costs. Okx Spot Zero Fees … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. It also provides extremely high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site declares 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 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. might work as an exchange you utilize 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 insufficient 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 large holding in the OKB currency might qualify for discount rates.
One big downside of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, surprise cost information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal details before continuing. You likely will not recuperate any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t normally face with standard banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for many consumer possessions. It likewise has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted 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 offering our position and that we wish to take earnings at this level what we want to do is find the difference between these values and that’s going to provide us.057 then we’re going to take the dollar quantity risk we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Spot Zero Fees
difference between the entry and the stop alright which’s going to provide us the amount of tokens that we require to buy in order to risk just 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar amount fine so that suggests that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and multiply it by the entry price which is this level here alright 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 get into this position when we’re utilizing leverage the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have ten thousand dollars to utilize fine because if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account that makes it difficult fine so let’s go over to buy bit here let’s say we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open our leverage fine 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 need to use for this position is twelve dollars which is 12 of our entire account alright so this utilize capability is altering nothing about the risk profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars weekly we’re selecting three winners a week okay we’re attempting to give the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can check out our Discord where we reveal the winners okay prior to we hop into the trading system that you can utilize to start taking these trades I wish to discuss the guidelines that I would advise using when growing a little account alright so the very first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there until we scale our account up a little bit bigger the 3rd thing and this is incredibly essential is everyone has a psychological threshold when it comes to just how much money they’re comfortable risking 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 and that’s something that you really wish to avoid until you come comfortable doing that fine so state you work your method as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can stroll that back down to fifty dollars per trade choice that fixed quantity when you wish to maintain your capital and just pick an objective daily on
the money that you want to make as soon as you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make 3 that three to five 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 know a couple years from now move up to a thousand shot to make three to five thousand per trade and try to double my earnings alright so let’s get 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 reveal you one of the setups that I had on xrp when I was in fact in Dubai fine but what I wish to do is discover a location where I have a freshly established uptrend first thing that I wish to do is determine my wave count okay so if this is our start
first pullback is 2 biggest waves as much as three pullback is four and after that the high is 5 and the way 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 after that 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 price action boils down through