With low exchange costs. Opel Astra Okx … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It also offers remarkably high yields sometimes when taking part in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can produce an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that vary based upon 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 may get approved for discounts. Options, swaps, and futures have their own rate schedules with varying fees.
One huge downside of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, hidden expense information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details before proceeding. If you mistakenly send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you don’t generally face with conventional banking platforms. The finest practices for keeping your financial accounts safe and secure are similar. These include utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for most customer possessions. It likewise has deals extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished to purchase 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 which we want to take earnings at this level what we want to do is discover the difference in between these worths and that’s going to give us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Opel Astra Okx
difference in between the entry and the stop alright and that’s going to provide us the amount of tokens that we require to purchase in order to risk just 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to dial in our risk reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount okay so that means 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 all right so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter into 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 use a 100x leverage that suggests now I have ten thousand dollars to utilize alright due to the fact that if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account that makes it difficult alright so let’s visit buy bit here let’s state we wish 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 see what happens when we open up our utilize alright and you’re gon na get this warning that the liquidation is high fine 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 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 alright so this utilize ability is altering nothing about the danger profile on the trade okay if you plan on trading anyways utilize the referral Link in the description all right every week we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars each week we’re picking three winners a week fine we’re attempting to give the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is below you can take a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I want to discuss the rules that I would advise using when growing a small account fine so the very first guideline is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat all right each time you double the account so when you go to 100 approximately 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there till we scale our account up a bit larger the third thing and this is extremely crucial is everybody has a mental threshold when it comes to just 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 3 trades in a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly want to avoid up until you come comfy doing that fine so say you work your way as much as 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 stroll that back down to fifty dollars per trade choice that fixed amount as soon as you want to protect your capital and simply select a goal each day on
the money that you wish to make once you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make three that three to five thousand dollars each week so I’m using you learn 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 go up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings fine so let’s enter 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 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 however what I wish to do is discover an area where I have a freshly established uptrend first thing that I want to do is recognize my wave count alright so if this is our start
first pullback is two biggest waves up to 3 pullback is 4 and then the high is 5 and the method we can try to find the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and after that 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 rate action boils down through