With low exchange costs. Okx Webhook … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When participating in staking or conserving functions, it likewise uses incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 issues.
If you’re in a location that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
Supports margin loaning, 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 use in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that differ based upon trade volume and account holdings. 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 get approved for discount rates. Alternatives, swaps, and futures have their own rate schedules with differing fees.
One big downside of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, hidden cost details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal information before proceeding. If you unintentionally send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you do not generally face with traditional banking platforms. However, the best practices for keeping your monetary accounts protected are comparable. These include using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for the majority of customer properties. It likewise has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody 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 offering our position which we wish to take profit at this level what we wish to do is discover the difference between these values which’s going to offer us.057 then we’re going to take the dollar quantity danger 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 Webhook
distinction between the entry and the stop alright which’s going to offer us the amount of tokens that we require to buy in order to risk only 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to call in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar quantity fine so that means that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we require to be able to enter into this position when we’re using take advantage of the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have 10 thousand dollars to utilize alright since if we only had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account which makes it impossible alright so let’s go over to purchase bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open up our leverage all right and you’re gon na get this warning 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 best thing fine so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is changing absolutely nothing about the risk profile on the trade all right if you intend on trading anyways utilize the referral Link in the description fine every week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re picking three winners a week alright we’re trying to offer the charges that we’re gathering from the affiliate program back into the community for you guys trading with us link is below you can check out our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to start taking these trades I wish to go over the guidelines that I would recommend utilizing when growing a small account all right so the very first rule is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that ten dollar danger fine each time you double the account so when you go to 100 as much as 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up until we scale our account up a bit larger the 3rd thing and this is very essential is everybody has a mental limit when it comes to just how much cash they’re comfortable risking if I’m looking 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 says you’re going to start feeling a little bit emotional about the trades and that’s something that you actually want to avoid till you come comfy doing that fine so say you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that back down to fifty dollars per trade pick that repaired amount when you want to protect your capital and simply select an objective daily on
the money that you want to make as soon as you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that three to 5 thousand dollars weekly so I’m using you understand about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you know a couple years from now move up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings all right so let’s get into the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai alright but what I wish to do is find an area where I have a recently established uptrend first thing that I want to do is recognize my wave count fine so if this is our start
first pullback is 2 biggest waves as much as three 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 value I’m gon na click here click back here and then 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 go up to the high of one if our price action boils down through