With low exchange fees. Okx Unified Margin … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. When participating in staking or saving features, it also uses incredibly high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces all over the world. 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 regulative 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. could work as an exchange you utilize 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 insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might receive discounts. Swaps, choices, and futures have their own rate schedules with varying charges.
One big downside of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, hidden expense details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal details before proceeding. If you unintentionally send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t usually face with conventional banking platforms. The best practices for keeping your monetary accounts protected are comparable. These include utilizing strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for a lot of customer possessions. 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 simple for anybody beyond 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 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 offering our position and that we want to take revenue at this level what we wish to do is discover the distinction between these values which’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Unified Margin
difference between the entry and the stop all right which’s going to provide us the quantity of tokens that we need to buy in order to run the risk of just ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our threat benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have that set dollar amount okay so that implies that in order to discover the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and increase it by the entry cost which is this level here all right 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 enter into this position when we’re utilizing utilize the only thing it’s altering is how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have ten thousand dollars to utilize okay due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it impossible alright so let’s go over to buy bit here let’s say we want to take this ape trade here fine we need 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 leverage fine and you’re gon na get this caution that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing alright 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 take advantage of ability is changing nothing about the threat profile on the trade fine if you intend on trading anyways use the recommendation Link in the description okay weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars per week we’re picking three winners a week okay we’re attempting to give the charges that we’re collecting from the affiliate program back into the community for you people trading with us connect is below you can have a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to begin taking these trades I wish to go over the rules that I would advise using when growing a little account fine so the very first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a bit larger the 3rd thing and this is extremely essential is everyone has a psychological threshold when it comes 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 sell a row I don’t care who you are or what the mathematics says you’re going to start feeling a bit psychological about the trades and that’s something that you really want to avoid until you come comfortable doing that okay so state you work your method as much as 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that back down to fifty dollars per trade pick that fixed amount as soon as you wish to preserve your capital and simply select an objective per day on
the money that you wish to make as soon as you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make three that three to five thousand dollars per week so I’m utilizing you understand 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 move up to a thousand shot to make three to five thousand per trade and try to double my earnings alright so let’s enter the bread and butter of the actual 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 among the setups that I had on xrp when I was really in Dubai okay but what I want to do is discover a location where I have actually a freshly developed uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
first pullback is two largest waves as much as 3 pullback is 4 and then the high is five and the method we can search for 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 on this link 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 increase to the high of one if our price action comes down through