With low exchange costs. Okx Global … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or saving features, it likewise uses remarkably high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 regulatory and compliance concerns.
You can create an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough 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 different pricing 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 big holding in the OKB currency may qualify for discount rates. Futures, options, and swaps have their own rate schedules with differing costs.
One huge disadvantage of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, hidden cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal details before proceeding. You likely won’t recover any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you do not usually confront with standard banking platforms. The best practices for keeping your monetary accounts secure are similar. These include using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many customer assets. It likewise has offers extra features like the capability 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 exchange brokerage account, you will find a familiar experience at OKX.
wanted to purchase 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 selling our position which we want to take profit at this level what we want to do is find the distinction between these worths and that’s going to give us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Global
distinction between the stop and the entry fine and that’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar quantity alright so that means that in order to find the capital requirement or the quantity of money that we require 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 give us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s altering is just how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have ten thousand dollars to use fine due to the fact that if we just had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account that makes it impossible okay so let’s go over to buy bit here let’s state we want to take this ape trade here alright 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 our take advantage of alright and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the ideal thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this take advantage of capability is altering absolutely nothing about the risk profile on the trade alright if you intend on trading anyways use the referral Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars each week we’re selecting 3 winners a week fine we’re attempting to give the charges that we’re gathering from the affiliate program back into the community for you people trading with us connect is below you can take a look at our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to begin taking these trades I want to review the rules that I would recommend using when growing a little account alright so the very first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 as much as 200 all right 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 utilize that there till we scale our account up a little bit bigger the 3rd thing and this is super crucial is everybody has a mental limit when it concerns 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 little bit psychological about the trades and that’s something that you actually want to avoid up until you come comfortable doing that alright so state you work your way approximately 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that pull back to fifty dollars per trade choice that fixed amount once you wish to preserve your capital and simply select a goal each day on
the cash that you want to make when you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make three that three to five thousand dollars weekly so I’m using you understand 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 try to double my income alright so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai okay but what I wish to do is discover an area where I have actually a freshly developed uptrend first thing that I want to do is recognize my wave count okay so if this is our beginning
very first pullback is 2 largest waves approximately three pullback is 4 and after that the high is five and the method we can try to find the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that discover my element 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 rate action comes down through