With low exchange fees. Okx Kyc 1 … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It also provides exceptionally high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can develop an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin borrowing, making 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that vary 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 may receive discount rates. Futures, options, and swaps have their own rate schedules with varying costs.
One huge disadvantage of is that it doesn’t disclose fees for deposits and withdrawals. While much of is transparent, surprise cost information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check transaction details before continuing. If you accidentally send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t usually face with standard banking platforms. The best practices for keeping your monetary accounts safe are similar. These include utilizing strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for the majority of consumer properties. It also has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock market 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 significance that if we’re wrong and it continues moving down we’re selling our position and that we wish to take earnings at this level what we wish to do is discover the distinction between these values and that’s going to offer us.057 then we’re going to take the dollar amount threat we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Kyc 1
difference in between the entry and the stop alright and that’s going to give us the quantity of tokens that we need to buy in order to risk just ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to dial in our danger reward and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have that set dollar amount alright so that implies that in order to find the capital requirement or the amount of money that we require for this trade we have to take the amount of coins and increase it by the entry rate which is this level here okay 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 enter this position when we’re utilizing utilize the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have ten thousand dollars to utilize alright because if we only had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account that makes it impossible fine so let’s visit purchase bit here let’s state we want to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open up our take advantage of alright and you’re gon na get this caution that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is changing absolutely nothing about the threat profile on the trade okay if you plan on trading anyways use the referral Link in the description all right every week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars weekly we’re picking 3 winners a week all right we’re attempting to offer the costs 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 announce the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to go over the guidelines that I would suggest using when growing a little account all right 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 10 dollar danger all right each time you double the account so when you go to 100 as much as 200 alright you wish to move that up to 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 bigger the third thing and this is super essential is everyone has a mental limit when it comes to how much cash they’re comfortable running the risk of 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 states you’re going to start feeling a bit psychological about the trades and that’s something that you truly wish to avoid till you come comfortable doing that all right so state you work your method as much as 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 all right you can walk that back down to fifty dollars per trade choice that fixed amount once you want to preserve your capital and just select an objective daily on
the cash that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make three that three to five thousand dollars weekly so I’m using you know about 2.5 percent of my entire 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 go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my income fine so let’s enter the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai fine however what I want to do is find an area where I have actually a recently developed uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is two biggest waves up to 3 pullback is four and then the high is five and the method we can look for 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 go up to the high of one if our rate action boils down through