With low exchange charges. Okx Slow … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When participating in staking or saving functions, it likewise offers extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
If you remain in an area that works with OKX, you can create an account that provides you access to trade 343 area currencies.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 certify for discount rates.
One huge drawback of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, concealed expense details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal details before proceeding. You likely won’t recover any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you don’t usually confront with standard banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are comparable. These include utilizing strong passwords distinct to every website 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 possessions. It also has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will find 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 profit at this level what we wish to do is find the difference in between these values which’s going to offer us.057 then we’re going to take the dollar quantity threat 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 Slow
distinction between the entry and the stop okay and that’s going to provide us the amount of tokens that we require to buy in order to risk just ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never 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 quantity fine so that means that in order to find the capital requirement or the amount of money that we need for this trade we have to take the amount of coins and increase it by the entry cost 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 give us 587 dollars then we require to be able to get into this position when we’re using utilize the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have ten thousand dollars to utilize fine due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account which makes it impossible alright so let’s visit buy bit here let’s say we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open our utilize 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 running the risk of that 10 dollars you are safe and you’re doing the ideal thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this utilize ability is changing nothing about the threat profile on the trade okay if you plan on trading anyways use the referral Link in the description okay every week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars per week we’re selecting three winners a week alright we’re attempting to give the fees 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 all right prior to we hop into the trading system that you can utilize to start taking these trades I wish to review the rules that I would recommend using when growing a small account okay so the first rule is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 approximately 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there until we scale our account up a bit larger the 3rd thing and this is extremely important is everybody has a psychological threshold when it pertains to just how much cash they’re comfortable risking 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 math states you’re going to start feeling a bit psychological about the trades which’s something that you truly want to avoid up until you come comfy doing that all right so say you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade pick that fixed amount once you want to maintain your capital and just select an objective daily on
the money that you want to make as soon as you get up to a comfy limit where it’s fitting your earnings goals so for me personally you understand I like to make 3 that three to five thousand dollars per week so I’m using you learn 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 move up to a thousand shot to make three to 5 thousand per trade and try to double my earnings all right so let’s get into the bread and butter of the actual 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 reveal you one of the setups that I had on xrp when I was in fact in Dubai all right but what I wish to do is discover a location where I have actually a recently established uptrend first thing that I wish to do is determine my wave count alright so if this is our start
very first pullback is two largest waves approximately 3 pullback is 4 and then the high is five and the way we can try to find 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 here 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