With low exchange fees. What Can I Do If My Okx Account Is Restricted … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When participating in staking or conserving features, it likewise uses extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world 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 develop an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX review. There are 343 currencies on the exchange total.
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 qualify for discount rates. Futures, swaps, and choices have their own rate schedules with differing costs.
One big downside of is that it does not disclose costs for deposits and withdrawals. While much of is transparent, surprise cost information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction details before proceeding. You likely will not recuperate any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you don’t usually face with traditional banking platforms. The best practices for keeping your monetary accounts safe are similar. These include utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of customer properties. It also has offers extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover 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 selling our position and that we want to take earnings at this level what we want to do is find the distinction in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the What Can I Do If My Okx Account Is Restricted
difference in between the stop and the entry fine which’s going to provide us the amount of tokens that we need to buy in order to risk only ten dollars alright 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 danger reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity all right so that means that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and increase it by the entry cost which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of 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 utilize a 100x take advantage of that indicates now I have ten thousand dollars to use okay due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account which makes it difficult okay so let’s visit buy bit here let’s state we wish 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 occurs when we open our utilize okay and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying 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 only thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this take advantage of capability is altering absolutely nothing about the danger profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description alright weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars weekly we’re choosing three winners a week okay we’re attempting to provide the charges that we’re gathering from the affiliate program back into the community for you men trading with us link is below you can check out our Discord where we announce the winners alright before we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would advise using when growing a small account all right so the very first rule is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 up to 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there till we scale our account up a little bit bigger the third thing and this is very crucial is everyone has a mental limit when it comes to just how much money they’re comfortable running the risk of if I’m taking a look 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 emotional about the trades which’s something that you really want to avoid until you come comfy doing that okay so say you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that back down to fifty dollars per trade pick that fixed quantity once you wish to maintain your capital and just choose a goal each day on
the money that you want 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 three to five thousand dollars weekly so I’m utilizing you learn 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 understand a couple years from now move up to a thousand try to make three to five thousand per trade and try to double my earnings all right so let’s get into the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai fine but 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 okay so if this is our start
very first pullback is two largest waves approximately three pullback is four and then the high is five 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 worth I’m gon na click here click back here and then discover 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 price action boils down through