With low exchange fees. Luna Airdrop Okx … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It also offers exceptionally high yields sometimes when participating in staking or saving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can create an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you use 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 room 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 different pricing tiers that vary based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may receive discounts. Options, swaps, and futures have their own rate schedules with differing charges.
One huge disadvantage of is that it doesn’t divulge costs for withdrawals and deposits. While much of is transparent, covert cost details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. You likely won’t recover any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not generally confront with standard banking platforms. The finest practices for keeping your financial accounts protected are comparable. These consist of using strong passwords distinct to every site 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 most consumer possessions. It also has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. You will discover a familiar experience at OKX if you’ve 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 significance that if we’re wrong and it continues moving down we’re offering our position which we want to take profit at this level what we wish to do is discover the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Luna Airdrop 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 run the risk of only ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount fine so that means that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the quantity of coins and increase it by the entry price 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 require to be able to enter into this position when we’re utilizing utilize the only thing it’s altering 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 take advantage of that means now I have ten thousand dollars to utilize fine due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account which makes it difficult all right so let’s visit buy bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open up our utilize fine and you’re gon na get this caution that the liquidation is high fine 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 ideal thing alright so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is altering nothing about the risk profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description fine weekly we do a free gift where anyone trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars weekly we’re selecting three winners a week fine we’re attempting to offer the costs that we’re gathering from the affiliate program back into the community for you men trading with us connect 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 utilize to begin taking these trades I wish to go over the rules that I would suggest using when growing a small account okay so the very first guideline is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that ten dollar threat fine each time you double the account so when you go to 100 up to 200 alright you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there until we scale our account up a little bit larger the third thing and this is super essential is everybody has a psychological threshold when it comes to how much money they’re comfortable risking 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 says you’re going to start feeling a bit emotional about the trades which’s something that you truly want to avoid up until you come comfortable doing that okay so state you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can walk that back down to fifty dollars per trade choice that repaired amount as soon as you wish to protect your capital and just choose a goal daily on
the cash that you want to make once you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to 5 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 after that I’ll increase it you know a couple years from now go up to a thousand try to make 3 to five thousand per trade and attempt to double my earnings alright so let’s enter into the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai all right but what I want to do is discover an area where I have actually a recently established uptrend first thing that I want to do is determine my wave count alright so if this is our start
very first pullback is 2 biggest waves up to 3 pullback is 4 and after that the high is five and the method we can try to find the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover my element 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 rate action boils down through