With low exchange charges. Okx Btcusd … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It also uses extremely high yields in many cases when participating in staking or saving features.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest 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 regulatory and compliance issues.
You can develop an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
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 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 evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different rates tiers that differ 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 large holding in the OKB currency may qualify for discounts. Swaps, futures, and alternatives have their own rate schedules with differing costs.
One huge downside of is that it does not reveal fees for withdrawals and deposits. While much of is transparent, covert expense details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal details prior to continuing. If you accidentally send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you don’t normally confront with traditional banking platforms. The best practices for keeping your financial accounts protected are comparable. These consist of using strong passwords distinct 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 freezer for many client assets. It likewise has offers extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished 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 which we want to take earnings at this level what we wish to do is discover the difference between these values which’s going to give us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Btcusd
difference in between the entry and the stop okay which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount alright so that means that in order to discover the capital requirement or the quantity of money that we require for this trade we have 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 provide us 587 dollars then we need to be able to get into this position when we’re utilizing leverage 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 use a 100x leverage that indicates now I have 10 thousand dollars to utilize alright due to the fact that if we just had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it difficult okay so let’s visit buy bit here let’s say we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open up our leverage fine and you’re gon na get this warning 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 fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account alright so this leverage capability is altering nothing about the danger profile on the trade okay if you intend on trading anyways use the referral Link in the description all right each week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars weekly we’re selecting three winners a week fine we’re attempting to give the charges that we’re collecting from the affiliate program back into the community for you people trading with us connect is below you can have a look at our Discord where we announce the winners fine before we hop into the trading system that you can utilize to start taking these trades I wish to go over the rules that I would suggest utilizing when growing a little account all right so the first rule is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger all right each time you double the account so when you go to 100 approximately 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there until we scale our account up a bit larger the third thing and this is very crucial is everyone 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 three trades in a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit emotional about the trades which’s something that you really wish to prevent up until you come comfy doing that okay 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 which’s excessive for you all right you can stroll that pull back to fifty dollars per trade choice that repaired amount once you want to protect your capital and just select an objective each day on
the cash that you want to make as soon as you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to five thousand dollars each week so I’m using you know 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 understand a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings all right so let’s enter the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai alright however what I wish to do is discover a location where I have a newly developed uptrend first thing that I wish to do is recognize my wave count okay so if this is our start
very first pullback is two biggest waves up to three pullback is four and after that the high is five and the way we can look for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and after that find my factor 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