With low exchange costs. Okx Moonpay … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. When taking part in staking or conserving features, it also offers incredibly high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website 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.
If you’re in an area that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
also supports margin loaning, making 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discount rates.
One big drawback of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction details before continuing. You likely will not recover any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not normally confront with conventional banking platforms. The finest practices for keeping your financial accounts secure are similar. These consist of utilizing strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many client properties. It likewise has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished to buy 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 earnings at this level what we want to do is discover the distinction between these worths which’s going to give us.057 then we’re going to take the dollar amount risk 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 Moonpay
distinction between the entry and the stop all right which’s going to provide us the quantity of tokens that we need to buy in order to run the risk of just ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar amount alright so that indicates that in order to discover the capital requirement or the amount of money that we need for this trade we need to take the amount of coins and multiply it by the entry price which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to enter this position when we’re using utilize the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have ten thousand dollars to utilize alright because if we just had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account that makes it impossible all right so let’s go over to purchase 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 view what occurs when we open our take advantage of okay 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 10 dollars you are safe and you’re doing the right thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this leverage capability is altering nothing about the danger profile on the trade okay if you intend on trading anyways utilize the referral Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars weekly we’re picking 3 winners a week alright we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we announce the winners alright prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the guidelines that I would advise using when growing a little account okay so the very first rule is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar threat okay each time you double the account so when you go to 100 as much as 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 utilize that there until we scale our account up a little bit larger the third thing and this is extremely essential is everyone has a mental 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 states you’re going to begin feeling a bit emotional about the trades and that’s something that you truly want to avoid up until you come comfortable doing that all right so say you work your method as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can stroll that back down to fifty dollars per trade choice that fixed amount once you want to protect your capital and just pick an objective daily on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your income goals so for me personally you know I like to make three that 3 to five thousand dollars each week so I’m utilizing 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 know a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt to double my income all right so let’s enter into 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 definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai alright but what I want to do is discover an area where I have a freshly established uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
very first pullback is two biggest waves up to 3 pullback is 4 and after that the high is five and the way 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 worth I’m gon na click on this link click back here and after that find my element 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