With low exchange fees. Okx Okex … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When getting involved in staking or conserving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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.
If you’re in an area that works with OKX, you can create an account that provides you access to trade 343 spot currencies.
likewise supports margin loaning, earning cryptocurrency through staking and cost 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 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 get approved for discount rates. Futures, options, and swaps have their own rate schedules with differing costs.
One huge drawback of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, surprise expense information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check deal details prior to proceeding. You likely will not recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t typically face with traditional banking platforms. The finest practices for keeping your monetary accounts secure are comparable. These include using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of customer properties. It also has offers additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 and that we wish to take revenue at this level what we wish to do is find the difference in between these worths and that’s going to offer us.057 then we’re going to take the dollar amount threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Okex
distinction between the stop and the entry fine and that’s going to provide us the quantity of tokens that we need to buy in order to risk only ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar amount all right so that implies that in order to discover the capital requirement or the amount of money that we require for this trade we need 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 multiplied by 3.35 and that’s going to provide us 587 dollars then we require to be able to enter into this position when we’re using take advantage of the only thing it’s changing is just how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have ten thousand dollars to use alright since if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash 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 require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open up our utilize all right and you’re gon na get this caution 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 10 dollars you are safe and you’re doing the ideal thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this leverage capability is changing nothing about the threat profile on the trade okay if you plan on trading anyways use the recommendation Link in the description fine every week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars weekly we’re selecting three winners a week all right we’re attempting to offer the charges that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is listed below you can check out our Discord where we reveal the winners alright before we hop into the trading system that you can utilize to start taking these trades I want to review the guidelines that I would suggest using when growing a little account fine so the very first rule is start with the dollar quantity 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 up to 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there until we scale our account up a little bit bigger the 3rd thing and this is extremely essential is everybody has a mental limit when it comes to just how much cash they’re comfortable risking if I’m looking 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 math states you’re going to start feeling a little bit psychological about the trades which’s something that you actually want to prevent until you come comfy doing that alright so state you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can walk that pull back to fifty dollars per trade choice that repaired amount as soon as you want to preserve your capital and just select an objective each day on
the money that you wish to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that three to 5 thousand dollars weekly so I’m utilizing you understand 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 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 earnings alright so let’s enter the support of the actual trading this is a system that I have actually been trading the marketplaces 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 want to do is discover a location where I have a freshly established uptrend first thing that I want to do is determine my wave count all right so if this is our start
first pullback is 2 largest waves as much as 3 pullback is four and then the high is 5 and the method we can look for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here 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