With low exchange charges. Star Xu Okx … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It also provides extremely high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
If you remain in an area that deals with OKX, you can create an account that offers you access to trade 343 spot currencies.
likewise supports margin loaning, earning 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 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 inadequate space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that differ 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 discount rates. Swaps, futures, and choices have their own rate schedules with varying fees.
One big drawback of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, surprise expense details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal information before proceeding. If you inadvertently send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t normally confront with standard banking platforms. The best practices for keeping your financial accounts safe and secure are similar. These consist of utilizing strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of customer possessions. It also has deals additional features 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 exchange 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 significance that if we’re wrong and it continues moving down we’re selling our position which we wish to take revenue at this level what we wish to do is find the distinction in between these values and that’s going to offer us.057 then we’re going to take the dollar amount threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Star Xu Okx
distinction between the stop and the entry okay which’s going to offer us the quantity of tokens that we need to buy in order to run the risk of only 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability 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 actually that set dollar amount fine so that indicates that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the amount 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 increased by 3.35 which’s going to provide us 587 dollars then we require to be able to enter this position when we’re utilizing utilize the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that indicates now I have ten thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account which makes it impossible okay so let’s visit purchase bit here let’s say 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 utilize all right and you’re gon na get this caution that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing all right so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this take advantage of ability is altering nothing about the danger profile on the trade alright if you plan on trading anyways use the referral Link in the description all right weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re picking 3 winners a week alright we’re trying to give the fees that we’re collecting from the affiliate program back into the community for you men trading with us link is listed below you can have a look at our Discord where we reveal the winners okay before we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would advise using when growing a small account alright so the first guideline is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger fine each time you double the account so when you go to 100 approximately 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there up until we scale our account up a little bit larger the third thing and this is very important is everybody has a mental limit when it pertains to just how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to start feeling a little bit emotional about the trades and that’s something that you actually wish to avoid up until you come comfy doing that all right so state you work your way approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can stroll that pull back to fifty dollars per trade choice that repaired amount when you want to preserve your capital and just choose an objective each day on
the cash that you wish 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 3 to five thousand dollars per week so I’m utilizing 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 three to 5 thousand per trade and attempt to double my earnings alright so let’s get into the bread and butter of the actual 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 one of the setups that I had on xrp when I was in fact in Dubai fine however what I wish to do is discover an area where I have actually a freshly established uptrend first thing that I wish to do is identify my wave count fine so if this is our start
first pullback is 2 biggest waves as much as 3 pullback is 4 and after that 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 discover my element of one and you can see the price 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