With low exchange costs. Okx Transaction History … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When participating in staking or conserving features, it also uses incredibly high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
You can create an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might certify for discounts.
One big disadvantage of is that it doesn’t reveal fees for withdrawals and deposits. While much of is transparent, hidden expense details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal details before continuing. You likely will not recuperate any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you don’t generally face with standard banking platforms. However, the best practices for keeping your financial accounts protected are similar. These consist of using strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for most 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 simple for anybody 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.
wanted to purchase apecoin at this level put our stop loss down at this level meaning that if we’re wrong and it continues moving down we’re offering our position which we want to take profit at this level what we wish to do is find the difference in between these worths which’s going to give 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 Transaction History
difference between the stop and the entry fine which’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our danger reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have actually that set dollar amount okay so that suggests that in order to discover the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and multiply it by the entry cost which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we require to be able to get into this position when we’re using leverage the only thing it’s altering is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have ten thousand dollars to use okay since if we just had a hundred dollar account fine this 587 is already 5x the size of our money value of our account that makes it impossible okay so let’s go over to buy bit here let’s state we want 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 enjoy what takes place when we open up our utilize fine 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 right thing okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account fine so this utilize capability is changing nothing about the danger profile on the trade all right if you intend on trading anyways utilize the recommendation Link in the description fine weekly we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars weekly we’re selecting three winners a week alright 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 link is below you can take a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would suggest using when growing a little account okay so the first rule is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 as much as 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there till we scale our account up a bit larger the third thing and this is extremely important is everybody has a psychological limit when it pertains to 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 mathematics states you’re going to start feeling a bit emotional about the trades which’s something that you truly wish to prevent till you come comfortable doing that all right so say you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that back down to fifty dollars per trade pick that repaired quantity when you wish to preserve your capital and just select an objective per day on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that three to 5 thousand dollars weekly so I’m utilizing you know 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 understand a couple years from now go up to a thousand shot 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 markets with for the past couple months that have 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 fine but what I wish to do is discover a location where I have actually a newly established uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is 2 largest waves up to three pullback is 4 and after that the high is five and the method we can search 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 then discover my aspect 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 cost action boils down through