With low exchange fees. Okx Wiki … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It also provides exceptionally high yields in many cases when taking part in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet 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 regulatory and compliance issues.
If you’re in an area that deals with OKX, you can develop an account that gives you access to trade 343 spot currencies.
Supports margin loaning, earning 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 use 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 note 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 disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, surprise expense details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you inadvertently send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security concerns you do not typically face with conventional banking platforms. The finest practices for keeping your financial accounts safe are similar. These include utilizing strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most client 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 easy for anyone beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange 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 which we wish to take profit at this level what we want to do is find the distinction between these worths 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 Wiki
difference in between the entry and the stop all right which’s going to give us the amount of tokens that we need to buy in order to run the risk of only 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have that set dollar quantity alright so that implies 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 okay 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 this position when we’re using utilize the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have 10 thousand dollars to utilize alright because if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account that makes it difficult all right so let’s go over to purchase bit here let’s say we want to take this ape trade here all right 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 up our leverage fine and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the ideal thing okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of capability is altering absolutely nothing about the threat profile on the trade alright if you plan on trading anyways use the recommendation Link in the description okay each week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars weekly we’re selecting 3 winners a week all right we’re attempting to provide the fees that we’re gathering from the affiliate program back into the community for you people trading with us link is listed below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can utilize to begin taking these trades I want to review the rules that I would suggest utilizing when growing a small account alright so the very first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 as much as 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there up until we scale our account up a bit bigger the 3rd thing and this is super important is everyone has a psychological threshold when it pertains to how much money they’re comfortable risking if I’m looking 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 bit emotional about the trades and that’s something that you actually wish to prevent up until you come comfy doing that alright so state 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 and that’s excessive for you okay you can walk that pull back to fifty dollars per trade choice that fixed amount as soon as you want to maintain your capital and just pick an objective daily on
the money that you wish to make when 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 three to five thousand dollars each week so I’m using you know 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 move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings 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 show you among the setups that I had on xrp when I was really in Dubai fine however what I want to do is discover an area where I have actually a freshly developed uptrend first thing that I wish to do is determine my wave count alright so if this is our start
first pullback is two largest waves as much as 3 pullback is 4 and then the high is 5 and the method we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and after that discover my aspect 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 rate action comes down through