With low exchange charges. Okx Affiliate Bonus … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When participating in staking or conserving functions, it also offers exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can develop an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, 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 different prices 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 large holding in the OKB currency might get approved for discount rates. Swaps, alternatives, and futures have their own rate schedules with differing fees.
One huge disadvantage of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, hidden cost details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information before continuing. If you unintentionally send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you don’t usually face with conventional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These include using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most customer possessions. It likewise has offers additional functions 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. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 want to do is discover the difference in between these values which’s going to give us.057 then we’re going to take the dollar quantity 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 Okx Affiliate Bonus
difference between the entry and the stop alright which’s going to offer us the amount of tokens that we require to purchase in order to run the risk of just 10 dollars all right if we’re simply going in with 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 ensure that you’re not doing that you need to have actually that set dollar quantity okay so that means that in order to find the capital requirement or the amount of money that we require for this trade we need to take the quantity 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 multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to enter into this position when we’re using leverage the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have 10 thousand dollars to utilize alright since if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account that makes it difficult all right so let’s go over to 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 view what occurs when we open up our leverage all right 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 require to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing absolutely nothing about the risk profile on the trade okay if you intend on trading anyways use the referral 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 weekly we’re selecting three winners a week okay we’re trying to offer the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is below you can have a look at our Discord where we announce the winners okay before we hop into the trading system that you can use to start taking these trades I want to discuss the rules that I would recommend using when growing a little account okay so the very first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 up to 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there up until we scale our account up a bit larger the third thing and this is super crucial is everybody has a psychological threshold when it comes to how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math says you’re going to start feeling a bit psychological about the trades and that’s something that you truly want to prevent until you come comfy doing that alright so state you work your method as much as 200 to 500 to a thousand fine 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 pull back to fifty dollars per trade pick that fixed amount once you wish to maintain your capital and just pick an objective daily on
the cash 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 understand I like to make 3 that 3 to five thousand dollars each week so I’m using you learn 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 know a couple years from now go 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 real 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 show you one of the setups that I had on xrp when I was really in Dubai fine however what I wish to do is discover an area where I have actually a newly established uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
very first pullback is 2 largest waves up to three pullback is four and after that the high is five and the method we can look for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and after that find my aspect 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 boils down through