With low exchange charges. Ragdoll Okx … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. When participating in staking or saving features, it also provides incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
You can create an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and cost 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 primary place 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:
breaks currencies down into different rates tiers that differ based on trade volume and account holdings. For area 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 charges.
One huge disadvantage of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction information before proceeding. If you inadvertently send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you do not generally face with standard banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe and secure are similar. These consist of using strong passwords distinct 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 the majority of consumer properties. 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 anybody outside of 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 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 and that we wish to take earnings at this level what we want to do is find the distinction between these worths and that’s going to give us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Ragdoll Okx
difference between the entry and the stop all right and that’s going to provide us the amount of tokens that we need to purchase in order to run the risk of just ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to call in our danger reward and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have that set dollar amount okay so that means that in order to find the capital requirement or the quantity of money that we need for this trade we need to take the quantity of coins and increase 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 provide us 587 dollars then we need to be able to get into this position when we’re utilizing leverage 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 leverage that means now I have 10 thousand dollars to utilize okay since if we just had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account which makes it impossible alright so let’s go over to purchase bit here let’s state we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our leverage okay and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this leverage ability is altering absolutely nothing about the risk profile on the trade alright if you intend on trading anyways utilize the referral Link in the description all right every week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars per week we’re selecting 3 winners a week alright we’re attempting to provide the costs 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 fine prior to we hop into the trading system that you can utilize to start taking these trades I want to discuss the guidelines that I would recommend utilizing when growing a little account alright so the first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that ten dollar danger fine each time you double the account so when you go to 100 approximately 200 okay you want 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 till we scale our account up a bit bigger the third thing and this is extremely important is everybody has a psychological threshold when it pertains to how much cash they’re comfortable running the risk of if I’m looking 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 want to prevent up until you come comfortable doing that alright so say you work your way approximately 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that back down to fifty dollars per trade pick that repaired quantity as soon as you wish to maintain your capital and simply pick a goal per day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars per week so I’m using you know about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you know a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings all right so let’s enter into the support of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai okay however what I wish to do is discover a location where I have a recently developed uptrend first thing that I want to do is identify my wave count alright so if this is our start
very first pullback is 2 largest waves as much as three pullback is four and then the high is five and the way we can try to find the top of 5 is by utilizing 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 after that discover 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 comes down through