With low exchange fees. Okx Withdrawal Fees … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or saving features, it also uses extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can produce an account that provides you access to trade 343 spot currencies if you’re in an area 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 utilize 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 inadequate 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 different rates tiers that vary 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 big holding in the OKB currency might qualify for discounts. Swaps, futures, and choices have their own rate schedules with differing charges.
One huge disadvantage of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, covert cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. You likely won’t recuperate any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you do not normally face with conventional banking platforms. Nevertheless, the best practices for keeping your financial accounts secure are similar. These include using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most customer possessions. It likewise has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 want to take revenue at this level what we want to do is discover the difference between these worths which’s going to give us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Withdrawal Fees
distinction in between the stop and the entry fine and that’s going to offer us the amount of tokens that we require to buy in order to run the risk of just 10 dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our danger reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar amount all right so that implies that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter this position when we’re using take advantage of the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have 10 thousand dollars to use alright because 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 difficult all right so let’s go over to purchase bit here let’s say we wish 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 view what takes place when we open up our take advantage of okay and you’re gon na get this warning that the liquidation is high fine 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 all right so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this utilize capability is altering nothing about the danger profile on the trade all right if you plan on trading anyways use the referral Link in the description fine each week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars each week we’re picking three winners a week okay we’re attempting to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is below you can have a look at our Discord where we announce the winners okay before we hop into the trading system that you can utilize to begin taking these trades I wish to go over the guidelines that I would recommend using when growing a little account alright so the first guideline is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger fine each time you double the account so when you go to 100 as much as 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there until we scale our account up a little bit larger the third thing and this is incredibly important is everyone has a psychological limit when it pertains to just how much cash they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 trades in 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 truly want to prevent until you come comfortable doing that all right so state you work your method up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that back down to fifty dollars per trade pick that fixed quantity as soon as you wish to protect your capital and just pick an objective per day on
the cash that you want to make once you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars per 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 understand a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings fine 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 actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai fine however what I wish to do is find an area where I have a freshly established uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
very first pullback is two largest waves up to 3 pullback is four and then the high is five and the way we can search for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth 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 go up to the high of one if our cost action boils down through