With low exchange fees. Okx Taker Fees … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or saving features, it also offers exceptionally high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
You can create an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, earning 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 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 space to list them all in our OKX evaluation. 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 might certify for discounts.
One huge downside of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, covert expense information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. You likely won’t recuperate any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you don’t normally confront with traditional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts protected are similar. These consist of using 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 cold storage for a lot of consumer properties. It also has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished to purchase 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 wish to take profit at this level what we wish to do is discover 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 risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Taker Fees
difference in between the entry and the stop okay which’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of just ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount fine so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we have 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 offer us 587 dollars then we need to be able to enter this position when we’re utilizing take advantage of the only thing it’s changing is how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that suggests now I have 10 thousand dollars to use all right because if we only had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account which makes it difficult okay so let’s go over to purchase bit here let’s say we want to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our utilize fine and you’re gon na get this caution that the liquidation is high alright 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 utilize for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is changing nothing about the threat profile on the trade alright if you plan on trading anyways use the referral Link in the description alright each week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars each week we’re choosing 3 winners a week okay we’re trying to provide the fees that we’re gathering from the affiliate program back into the community for you guys trading with us connect is below you can check out our Discord where we reveal the winners fine before we hop into the trading system that you can use to begin taking these trades I want to review the rules that I would advise utilizing when growing a little account alright so the first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk fine each time you double the account so when you go to 100 approximately 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there until we scale our account up a little bit bigger the 3rd thing and this is extremely important is everyone has a psychological limit when it concerns just how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three 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 really wish to prevent till you come comfy doing that okay so state you work your way as much as 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that back down to fifty dollars per trade pick that fixed quantity when you want to preserve your capital and just choose an objective per day on
the money that you wish to make as soon as you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make 3 that three to five thousand dollars each week so I’m using you learn 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 earnings alright so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the markets 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 actually in Dubai okay but what I want to do is discover an area where I have actually a recently developed uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
very first pullback is two biggest waves as much as three pullback is 4 and then the high is five and the method we can search for the top of 5 is by using 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 then 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 go up to the high of one if our price action boils down through