With low exchange costs. Okx Promotion Code … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving features, it also provides incredibly high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can produce an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might 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 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 different prices tiers that differ based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may receive discount rates. Swaps, futures, and choices have their own rate schedules with varying costs.
One huge downside of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, hidden cost details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal details before continuing. If you unintentionally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you do not typically confront with conventional banking platforms. Nevertheless, the best practices for keeping your monetary accounts protected are comparable. These consist of using strong passwords unique 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 cold storage for a lot of client possessions. It also has deals additional functions 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 signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wanted 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 offering our position and that we wish to take revenue at this level what we wish to do is find the distinction between these values which’s going to provide us.057 then we’re going to take the dollar amount risk we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Promotion Code
difference between the entry and the stop all right which’s going to provide us the amount of tokens that we require to buy in order to run the risk of only ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar amount fine so that indicates that in order to find the capital requirement or the amount 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 all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s changing is just how much cash we personally require 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 use okay due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account that makes it impossible okay so let’s visit buy bit here let’s state we wish 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 enjoy what takes place when we open our utilize all right and you’re gon na get this caution that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing fine so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this utilize capability is altering absolutely nothing about the danger profile on the trade alright if you intend on trading anyways use the referral Link in the description alright each week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars per week we’re choosing three winners a week all right we’re trying to give the costs that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can have a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the rules that I would recommend using when growing a small account all right so the first guideline is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk all right each time you double the account so when you go to 100 up to 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there until we scale our account up a bit bigger the third thing and this is extremely essential is everyone has a mental limit when it concerns just how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit psychological about the trades which’s something that you actually want to prevent up until you come comfy doing that fine so say you work your way 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 stroll that back down to fifty dollars per trade choice that repaired amount once you wish to maintain your capital and just choose a goal each day on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars each week 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 after that I’ll increase it you know a couple years from now move up to a thousand try to make three to 5 thousand per trade and try to double my earnings all right so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai alright however what I want to do is find an area where I have a freshly established uptrend first thing that I wish to do is determine my wave count okay so if this is our beginning
first pullback is two largest waves approximately three pullback is 4 and after that the high is 5 and the method we can try to find the top of five 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 then find my element of one and you can see the cost 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