With low exchange charges. Okx Wallet 2.0 … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It also offers incredibly high yields in many cases when participating in staking or saving functions.
was founded in 2017 and preserves a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you’re in a location that works with OKX, you can create an account that offers you access to trade 343 area currencies.
Supports margin borrowing, 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 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 not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area 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 drawback of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, surprise cost information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal information before continuing. You likely won’t recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not generally confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe 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 cold storage for most customer assets. It also has deals extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond 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 significance that if we’re wrong and it continues moving down we’re offering our position which we wish to take revenue at this level what we wish to do is find the distinction in between these worths and that’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 Wallet 2.0
difference between the entry and the stop okay which’s going to provide us the quantity of tokens that we require to buy in order to risk only 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have that set dollar amount alright so that implies that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and increase it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied 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 using take advantage of the only thing it’s altering is how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that suggests now I have 10 thousand dollars to use fine since if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account that makes it difficult okay so let’s visit buy bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open our leverage fine and you’re gon na get this caution that the liquidation is high alright 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 okay so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account all right so this utilize ability is altering absolutely nothing about the risk profile on the trade okay if you intend on trading anyways use the referral Link in the description alright every week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars each week we’re picking 3 winners a week okay we’re attempting to give the fees that we’re gathering from the affiliate program back into the community for you men trading with us connect is below you can take a look at our Discord where we reveal the winners fine 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 utilizing when growing a small 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 use that ten dollar threat okay each time you double the account so when you go to 100 approximately 200 fine 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 use that there until we scale our account up a little bit larger the 3rd thing and this is super important is everybody has a psychological threshold when it concerns just how much money they’re comfortable risking 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 start feeling a little bit psychological about the trades which’s something that you actually wish to prevent until you come comfortable doing that alright so say you work your way approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that pull back to fifty dollars per trade pick that fixed quantity as soon as you want to maintain your capital and just pick a goal per day on
the money that you want to make once you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make three that three to 5 thousand dollars per week so I’m utilizing you know 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 know a couple years from now go up to a thousand try to make three to 5 thousand per trade and try to double my income okay so let’s enter the support of the real trading this is a system that I’ve been trading the markets 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 actually in Dubai okay but what I want to do is discover an area where I have a newly developed uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
very first pullback is 2 biggest waves up to three pullback is four and after that the high is 5 and the method we can try to find the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link 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 cost action comes down through