With low exchange fees. Okx Ust … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It likewise provides incredibly high yields sometimes when taking part in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can develop an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 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 pricing 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 discount rates. Futures, choices, and swaps have their own rate schedules with differing charges.
One huge drawback of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, covert cost details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal information before continuing. If you mistakenly send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you don’t generally face with conventional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are comparable. These consist of utilizing strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for many consumer possessions. It also has offers additional functions like the capability to establish 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 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 offering our position which we want to take revenue at this level what we wish to do is discover the difference between these values which’s going to provide us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Ust
distinction between the entry and the stop fine which’s going to offer us the amount of tokens that we need to purchase in order to risk just 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount alright so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we need 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 and that’s going to provide us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have ten thousand dollars to use all right because if we just had a hundred dollar account alright this 587 is already 5x the size of our money value of our account which makes it difficult all right so let’s go over to buy bit here let’s say we wish to take this ape trade here alright 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 take advantage of all right and you’re gon na get this caution that the liquidation is high all right 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 ideal thing okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this take advantage of capability is altering nothing about the risk profile on the trade fine if you intend on trading anyways use the referral Link in the description alright every week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars each week we’re choosing 3 winners a week alright we’re attempting to provide the costs that we’re collecting 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 reveal the winners all right prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would advise using when growing a small account okay so the first guideline is start with the dollar amount threat per trade 10 of beginning 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 threshold get comfortable with the dollar amount and use that there up until we scale our account up a little bit bigger the 3rd thing and this is incredibly essential is everybody has a mental limit when it concerns how much money they’re comfortable running the risk of 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 states you’re going to begin feeling a little bit emotional about the trades which’s something that you truly want to prevent till you come comfortable doing that all right so say you work your way up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that back down to fifty dollars per trade pick that fixed amount once you want to maintain your capital and just pick a goal per day on
the money that you want to make once you get up to a comfy limit where it’s fitting your earnings goals so for me personally you understand I like to make three that three to 5 thousand dollars each week so I’m utilizing 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 understand a couple years from now move up to a thousand try to make three to five thousand per trade and try to double my income all right so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai all right however what I wish to do is discover a location where I have actually a freshly developed uptrend first thing that I want to do is identify my wave count okay so if this is our start
first pullback is two largest waves approximately 3 pullback is four and after that the high is five and the way we can look for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and after that 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 cost action comes down through