With low exchange charges. Who Owns Okx … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When participating in staking or conserving functions, it likewise provides exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 regulative and compliance issues.
You can develop an account that gives you access to trade 343 spot currencies if you’re in a location 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 use 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 room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing 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. Futures, swaps, and choices have their own rate schedules with varying costs.
One big downside of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, concealed cost information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal details before proceeding. If you accidentally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security issues you do not usually confront with traditional banking platforms. The best practices for keeping your monetary accounts safe and secure are comparable. These consist of 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 many client properties. It also has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 offering our position which we want to take earnings at this level what we wish to do is discover the difference between these worths which’s going to offer us.057 then we’re going to take the dollar amount threat 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 Who Owns Okx
difference between the stop and the entry okay and that’s going to provide us the quantity of tokens that we require to buy in order to risk only 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able 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 actually that set dollar amount alright so that suggests that in order to find the capital requirement or the amount of cash 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 fine so in this case we’re going to take 175 coins increased by 3.35 which’s going to give us 587 dollars then we need to be able to enter this position when we’re using take advantage of the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have ten thousand dollars to utilize okay due to the fact that if we just had a hundred dollar account alright 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 state we wish 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 leverage fine and you’re gon na get this warning that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing nothing about the threat profile on the trade fine if you intend on trading anyways utilize the referral Link in the description all right each week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars per week we’re picking 3 winners a week alright we’re trying to offer the charges that we’re collecting from the affiliate program back into the community for you guys trading with us connect is 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 wish to review the rules that I would recommend utilizing when growing a small account alright so the very first rule is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat alright 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 utilize that there up until we scale our account up a little bit bigger the 3rd thing and this is very essential is everybody has a psychological limit when it comes to just how much cash they’re comfortable risking if I’m taking a look 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 begin feeling a bit emotional about the trades which’s something that you really want to prevent until you come comfortable doing that alright so state you work your way as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that back down to fifty dollars per trade pick that fixed quantity when you wish to preserve your capital and just select a goal per day on
the cash that you want to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that three to five thousand dollars each week so I’m utilizing you know about 2.5 percent of my entire 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 okay so let’s get into 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 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 alright however what I want to do is find a location where I have a freshly established uptrend first thing that I wish to do is determine my wave count okay so if this is our start
first pullback is two largest waves up to three pullback is four and then the high is five and the way we can search for the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find my factor 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