With low exchange fees. How Often Can I Earn Rewards On Okx … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it also uses extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 regulative and compliance concerns.
You can create an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, earning 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 insufficient space to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area 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 discounts.
One huge drawback of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, covert expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction information prior to proceeding. You likely won’t recover any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not typically face with traditional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe are similar. These include using strong passwords distinct to every site and app together 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 also has deals additional features like the ability 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 buy 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 offering our position and that we wish to take earnings at this level what we wish 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 amount risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the How Often Can I Earn Rewards On Okx
distinction in between the entry and the stop okay which’s going to give us the quantity of tokens that we need to purchase in order to risk just ten dollars okay if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar quantity fine so that implies that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the amount of coins and increase it by the entry cost 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 get into this position when we’re using utilize the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have ten thousand dollars to utilize fine because if we just had a hundred dollar account okay this 587 is already 5x the size of our money value of our account which makes it difficult fine so let’s go over to purchase bit here let’s say we want 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 see what takes place when we open up our utilize all right and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the ideal thing okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is altering absolutely nothing about the danger profile on the trade okay if you intend on trading anyways use the recommendation Link in the description all right every week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re selecting 3 winners a week all right we’re attempting to offer the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can have a look at our Discord where we reveal the winners fine 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 recommend using when growing a small account fine so the first rule is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 approximately 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there until we scale our account up a little bit larger the third thing and this is extremely crucial is everybody has a psychological threshold when it concerns 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 trades in a row I don’t care who you are or what the mathematics says you’re going to start feeling a little bit emotional about the trades which’s something that you truly want to prevent up until you come comfortable doing that okay so say you work your method up to 200 to 500 to a thousand okay and after that 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 choice that repaired quantity when you want to maintain your capital and just pick an objective each day on
the money that you want to make as soon as you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars per week so I’m utilizing you understand about 2.5 percent of my whole 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 shot to make three 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’ve been trading the marketplaces 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 actually in Dubai alright but what I wish to do is discover a location where I have actually a newly developed uptrend first thing that I wish to do is identify my wave count alright so if this is our beginning
very first pullback is 2 largest waves as much as three pullback is 4 and then the high is five and the method we can try to find 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 discover my aspect 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 cost action comes down through