With low exchange costs. Okx Voucher … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. When taking part in staking or conserving functions, it likewise uses exceptionally high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 regulative and compliance issues.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main place 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:
breaks currencies down into various rates tiers that vary based on trade volume and account holdings. 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. Futures, options, and swaps have their own rate schedules with differing fees.
One big disadvantage of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, concealed cost information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely won’t recover any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t generally face with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are comparable. These consist of using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for many client assets. It likewise has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. If you have actually 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 selling our position which we wish to take profit at this level what we want to do is discover the distinction in between these values which’s going to give us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Voucher
difference in between the entry and the stop fine which’s going to give us the amount of tokens that we require to buy in order to run the risk of only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar quantity okay so that implies that in order to find the capital requirement or the amount of money that we require 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 and that’s going to give us 587 dollars then we need to be able to enter this position when we’re using utilize the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to use fine since if we only had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account that makes it impossible alright so let’s visit buy bit here let’s state 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 see what takes place when we open our take advantage of alright and you’re gon na get this caution that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is altering nothing about the threat profile on the trade okay if you plan on trading anyways use the recommendation Link in the description okay each week we do a free gift where anyone trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars weekly we’re selecting three winners a week alright we’re attempting to provide the charges that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can check out our Discord where we announce the winners okay prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the guidelines that I would recommend using when growing a little account okay so the very first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 up to 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there till we scale our account up a bit larger the 3rd thing and this is incredibly important is everybody has a psychological limit when it comes to just how much money they’re comfortable risking if I’m looking 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 begin feeling a little bit emotional about the trades and that’s something that you really want to prevent until you come comfy doing that okay so say you work your method 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 excessive for you all right you can walk that back down to fifty dollars per trade pick that repaired quantity as soon as you wish to protect your capital and simply choose an objective daily on
the money that you want 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 3 that three to 5 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 after that I’ll increase it you understand a couple years from now move up to a thousand try to make three to five thousand per trade and attempt to double my income okay so let’s enter the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai fine but what I wish to do is discover a location where I have a freshly established uptrend first thing that I want to do is determine my wave count all right so if this is our start
very first pullback is two biggest waves approximately three pullback is 4 and then 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 here click back here and then find my element 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 increase to the high of one if our price action comes down through