With low exchange fees. Okx Redbull Racing … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. When getting involved in staking or conserving functions, it also uses exceptionally high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance issues.
You can develop an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you use 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 inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ based upon 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 get approved for discount rates. Futures, swaps, and options have their own rate schedules with differing fees.
One big drawback of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, covert expense information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal information prior to continuing. If you inadvertently send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you do not normally face with standard banking platforms. The best practices for keeping your monetary accounts safe and secure are comparable. These include utilizing strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for a lot of customer properties. It also has deals additional 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 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 significance 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 wish to do is discover the distinction between these worths and that’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 ten dollars and we’re going to divide it by the Okx Redbull Racing
distinction in between the stop and the entry okay and that’s going to provide us the quantity of tokens that we require to buy in order to risk just ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have actually that set dollar quantity okay so that means that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s altering is how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have 10 thousand dollars to utilize alright because if we just had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account which makes it impossible alright so let’s visit buy bit here let’s state we wish to take this ape trade here fine 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 leverage alright and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is altering absolutely nothing about the threat profile on the trade fine if you plan on trading anyways use the recommendation Link in the description fine each week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re choosing three winners a week okay we’re attempting to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can have a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would advise using when growing a small account fine so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar threat fine 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 threshold get comfy with the dollar quantity and utilize that there till we scale our account up a bit bigger the 3rd thing and this is extremely important is everyone has a psychological limit when it comes to how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math states you’re going to start feeling a little bit emotional about the trades and that’s something that you truly want to avoid up until you come comfortable doing that alright so state you work your way as much as 200 to 500 to a thousand okay 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 as soon as you wish to maintain your capital and just select an objective each day on
the cash that you want to make once you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that three 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 then I’ll increase it you know a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings all right so let’s get into the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have absolutely 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 fine but what I wish to do is discover a location where I have actually a freshly developed uptrend first thing that I wish to do is determine my wave count fine so if this is our start
very first pullback is 2 biggest waves up to 3 pullback is 4 and then the high is five and the method we can look for the top of 5 is by utilizing 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 factor 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 cost action comes down through